Preserve interesting, historical landmarks that served different uses in the past. Some people even choose to use these nostalgic purposes of a proper for new entity names such as Ice Rink, LLC or Five and Dime Corporation in order to honor the history of the building.
Remind citizens of powerful memories of people shopping when they were younger or spending time with grandparents.
Repurposing these buildings that hove industrial 0r fascinating uses lend to make them hip and cool when elements are emphasized from the past. Having on old fire bell hanging above a bar that used to be a fire station creates atmosphere and memory logging. Preserving same original details transferred identity to a new generation.
2. Less Up Front Planning
With a structure in place normally setbacks, right of ways, access and other details for construction are already set.
Speeds up construction timeline.
Determined footprints set parameters for design, space utilization and overall square foot cost.
Often, existing buildings are irreplaceable in terms of geographical location downtown whether it be a corner lot with visibility or next to a natural water feature.
Historical buildings can be beautiful and have gorgeous specific elements that enhance a town.
4. Finances and Timeline
In Michigan, sale and municipal funding is available to historical sites or sites that are blighted.
Environmental funding can also he secured for properties that might need clean up or selective demolition.
Hopefully by reusing a building there is less demolition cost and a quicker timeframe.
Reusing and recycling a building means less environmental impact.
5. Spur Other Development
By selecting on existing structure, often times a project can be a catalyst for other development nearby.
Others will want to be on the front side of trendy areas, up and coming sites, and be inspired by someone figuring it out