Rethinking adaptive reuse; former hosiery now apartments; what will Portland look like?

Obsolete properties: Call it a comeback
If you haven’t heard, CCIM Institute predicts adaptive-reuse projects will make up a “greater percentage of investment activity than self-storage and other established noncore property types by 2023.”

Old buildings, new lives
Did we mention adaptive reuse? Forbes looks at projects that “breathe new life into dated or vacant buildings, bringing fresh product to market at a quicker pace and giving developers a competitive advantage.”

 Industry City, Brooklyn, built 1895.  Source.

Industry City, Brooklyn, built 1895. Source.

In Philadelphia: From a hosiery factory to school to apartments
The $17 million adaptive reuse project will provide “38 units of affordable housing and 5,000 square feet of commercial space.” Nice.

14 Portland architects look at how the city will be designed
We’re huge fans of Design Week Portland (coming this April 2019). Last year they invited 14 local architect firms to provide a glimpse of the buildings destined to most dramatically change Portland’s cityscape. Below is Kevin Cavenaugh’s take. Watch the rest here.