Adaptive reuse: Repurposing Nashville commercial real estate
Although the concept of adaptive reuse has been around for centuries, its popularity has increased over the past few years. Adaptive reuse refers to the reuse of an older site or building for a different purpose than the one for which it was built or designed. Historically, buildings that were durable and structurally sound often changed purposes many times before being torn down in favor of new construction. In the past, new construction was primarily driven by economic reasons or reasons of efficiency. More recently, an increased interest in adaptive reuse has emerged as the movement to preserve historical buildings, neighborhoods and structures has become more prevalent. As new development and reuse occurs, the owners of the city’s older, and sometimes historic, buildings are faced with tough decisions regarding new investment. Older buildings often do not provide the return on capital and predictability that newer, more efficient buildings may provide. […]
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