2 minute read
Commercial Building Repositioning
DESIGN TRENDS
8609 Westwood Center Drive - Tyson's Corner, VA
Copyright Paul Burk
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A new commercial property can take up to 10 years to come to market; everything from land acquisition, approvals, design, and construction. A building repositioning can be completed within a year, creating a targeted investment that is more attractive to both landlords and tenants. Because work can often be executed in phases, existing tenants can remain in place and not lose access to building amenities.
Typically, costs of structural construction are not a significant factor, although mechanical systems upgrades can be key to the reposition. For an older building targeting Class A, mechanical systems must be replaced to meet the required power and data requirements while accommodating the physical comfort of a denser office population.
The Commons at 1902 Campus Commons Drive - Reston, VA
Copyright Paul Burk
ALT-SPACE at RTC West - Reston, VA
Copyright Paul Burk
Today’s commercial tenants are attracted to amenities that deliver the retail and hospitality experiences they seek outside of the office. It is not enough to just have a street-facing dry cleaner or bank branch, tenants want options for dining, fi tness, and entertainment within the building program.
To enrich the tenant experience, owners often include a fi tness center with lockers and showers, communal co-working zones and fl exible shared conferencing, and outdoor amenities on the roof. Within the tenant suite, amenities similar to a high-end residential environment could include shared work areas that feature a wine bar, beer taps, grab-and-go food options, and access to media.
Fitness Center at RTC West - Reston, VA
Copyright Paul Burk
