Principle advantage of adaptive reuse is using a lot less materials and LEED gives points by using part of old structure. A disadvantage of adaptive reuse is that reused buildings may never be as efficient as new construction because of new construction technologies. With the trend of moving to the core of the city adaptive reuse is becoming more of a necessity than anything.
We talked at length about population trends and urbanization and where people are wanting to live. It is pretty apparent that the trend is going back into the urban core, but the argument was regarding technology. With technology the way it is today, why can’t people live out in the middle of the nowhere but still be connected to the rest of the world. With webcams and all kinds of telecommuting capabilities what would be the point of living in the urban core? Just a matter of preference, but for people like me who enjoy lots of open land to hunt, fish, etc I would love to be able to work from a ranch.
San Francisco is starting a $4.2B high speed rail project. It is supposed to create many jobs.
We discussed a lot of different adaptive reuse projects. I have mentioned this many times but again the trend of people migrating to the urban core will cause adaptive reuse to be much more prevalent. Right now it is still a niche market, but I believe that is rapidly changing. There really are a lot of cool projects out there in which the developer has been really creative, but with green technologies being so popular it may be hard to incorporate these into older structures. So there may have to be lines drawn regarding aesthetic qualities, historical preservation and being green efficient.
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