Conversions•8 min read•March 1, 2023
Adaptive Reuse: Transforming Historic Buildings
Creating value through adaptive reuse of historic and obsolete buildings.
Adaptive reuse transforms obsolete buildings into productive assets while preserving architectural heritage. Historic tax credits and unique character can create compelling investment returns.
Common Conversions
- Office to residential (the current hottest trend)
- Industrial to creative office or residential
- Retail to mixed-use or hospitality
- Religious buildings to residential or event venues
Tax Credit Benefits
Federal and state historic tax credits can offset 30-45% of qualified rehabilitation costs, significantly improving project economics for certified historic structures.
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