The federal government in May announced plans to dispose of 12,218 excess properties – and that number is considered just the tip of the iceberg. These buildings include the spectrum of federal properties, including offices and warehouses. At first blush, the idea of buying a surplus government building is an attractive one.
You’ve decided on new office space. You’ve picked the perfect building and signed a lease. You are ready to begin designing, right? If you have chosen a historic building, the answer is: maybe not – not if that building has interior design review, such as that required in federal historic tax credit (HTC) projects. Historic […]
Repurposing Historic Buildings for Hotel Use: Balancing Modern Hotel Requirements with Historic Standards
The hospitality industry thrives on three basic tenets: location, service and cost, and it has developed a full range of products to capture a diverse range of customers in which emphasis on these three factors fluctuates greatly. From budget to five-star, the hospitality industry tailors its product to capture the market.
The hospitality industry has always played an important role in our nation’s growth and the urbanization of the United States’ small towns and large metropolitan areas. The industry itself is reflective of the increasing mobility of American society and the modes of transportation used by Americans since the country’s inception. It is also reflective of […]
Historic preservation and sustainability go hand in hand. There is a misconception that historic preservation tax credit (HTC) projects and LEED certified projects are mutually exclusive. On the contrary, green development and preservation can both be achieved when rehabilitating a historic building; thus, opening the door for developers and property owners to benefit from using […]
Shopping centers, motels and skyscrapers — what do these buildings have in common? They are modern era resources that may be eligible for listing in the National Register of Historic Places and then eligible for the federal 20 percent investment tax credit for historic properties. As modern era resources are increasingly demolished in favor of […]