DEVELOPING A HISTORIC BUILDING FOR ADAPTIVE RE-USE JANUARY 16, 2019 Arun Nijhawan, Primary Principal, Lucor John Goff, Managing Principal, DaVinci Development Collaborative
TOPICS The Opportunity § The Building § Emerging Trends § A Unique Vision The Execution § Exterior & Interior Needs § Construction § Overcoming Challenges Realizing the Vision
THE OPPORTUNITY
A UNIQUE BUILDING ¡ Built in 1897, Atlanta’s
oldest skyscraper
¡ 11-stories ¡ 41,460 square feet ¡ Near GSU, transit, several
parks
¡ Within walking distance
of ~5,000 parking spaces
¡ Located in Atlanta’s
“opportunity zone”
¡ Redefines office space and coworking space
INSPIRED BY EMERGING TRENDS
¡ Stimulates Redevelopment ¡ Restores Historical Integrity ¡ Emphasizes Flexibility and social spaces ¡ Provides financial flexibility to tenants
THE RESULT ¡ Broad Street Boardwalk: wood
deck pedestrian plaza with a variety of activities
¡ Ground Floor: café and lounge
space open to the public for social interaction
¡ Floors 2-11: technology-based
urban chic office space that allows for flexibility
THE RESULT
THE RESULT
THE EXECUTION
A UNIQUE BUILDING: UNIQUE CHALLENGES ¡ Preservation ¡ Costs ¡ Tax Credits ¡ Invest Atlanta Grant ¡ Senior Bank Loans
FLATIRON CITY, ATLANTA
¡ Complete renovation and re-
positioning of a 120 year-old landmark skyscraper into a modern innovation and entrepreneurial center
¡ New market tax credits, historic tax
credits and TAD funding sources
¡ Listed on the National Historic Register ¡ Approved permeable paints
EXTERIOR ISSUES
INTERIOR ISSUES
HISTORIC CORNICE RENOVATIONS
HISTORIC CORNICE RENOVATIONS
EXTERIOR FREEZE RENOVATION: ¡ Replicating Historic Freeze
with Modern Materials
Q&A
A Discussion on Developing a Historic Building for Adaptive Re-use Arun Nijhawan (anijhawan@lucrorresources.com) John Goff (jgoff@davinci-dev.com)