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Renovation, reinterpretation is the key to development in 2014

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In urban and suburban environments where density is on the rise, finding terrain for ground-up construction has become increasingly difficult. In response to this trend, developers are reinventing the projects of yesteryear by bringing old buildings back to life with a new look and feel. The building industry is watching closely as stagnant office space in prime locations is evolving into mixed-use developments, and aging industrial warehouses are transforming into Class A offices.

Lusardi Construction Company is seeing this all over California.

"We are working on and have completed several projects from San Jose to San Diego that are really about repurposing existing facilities for a new market. Special amenities for these new tenants are also important value adds for the developers," said Kurt Evans, executive vice president of Lusardi Construction. "We currently have work with Bixby Land Company, Mar Ventures Inc., Legacy Partners and others who see this as a great opportunity to attract great tenants."

The renovated spaces aren't just status quo, either. Amenities and flexible working spaces are necessary to compete with newer leasable square footage.

"Owners are looking for new and innovative tenants to lease their properties. We have seen a rise in indoor/outdoor communal areas, bocce ball courts, and casual work areas on recent renovation projects to attract those types of tenants," Evans said.

As always, budget and schedule reign supreme as the measure of success for these projects. Working with older facilities and the unknowns that come along with existing structures can always affect the outcome. "We work well on renovation projects because we are all team thinkers," Evans said. "We bring to the project an aggressive team that can help solve in the field challenges as well as avoid the typical project pitfalls by looking ahead."

The end result for renovations and their reinventions is ultimately more sustainable development.

Learn about our recent projects at Lusardi.com

Submitted by Lusardi Constructin Company.

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