Adaptive Reuse Solutions at
New + Found
Transforming the old into the new is at the heart of our adaptive reuse projects at New + Found. We specialize in breathing new life into underutilized properties, converting them into vibrant, functional spaces that meet modern needs. Our expertise spans various asset classes and leverages a range of subsidy programs to maximize the potential and value of each project.
Adaptive Reuse Across Diverse Asset Classes
Our adaptive reuse projects cover a wide spectrum of asset classes, each tailored to meet specific community and market needs. We have successfully transformed properties in the following categories:
Commercial Buildings: Revitalizing old office spaces and retail properties into modern, flexible workspaces and commercial hubs.
Industrial Sites: Converting former factories and warehouses into innovative mixed-use developments, creative office spaces, and tech campuses.
Historic Properties: Preserving and repurposing historic buildings, maintaining their cultural significance while adapting them for contemporary use.
Residential Complexes: Renovating outdated residential buildings and complexes into attractive, updated housing options, including affordable housing.
Mixed-Use Developments: Creating dynamic spaces that blend residential, commercial, and community uses, fostering vibrant, sustainable neighborhoods.
Leveraging Subsidy Programs for Adaptive Reuse
To ensure the financial viability and success of our adaptive reuse projects, New + Found expertly navigates a variety of subsidy programs. These programs provide critical funding and incentives that make transformation projects feasible and beneficial for all stakeholders.
Key Subsidy Programs:
Opportunity Zones: Utilizing federal tax incentives to drive investment in economically distressed communities, creating revitalized spaces that spur local economic growth.
Historic Tax Credits: Leveraging state and federal historic tax credits to offset renovation costs for preserving and repurposing historic properties.
Tax Increment Financing (TIFs): Financing redevelopment projects through the future increased property tax revenue generated by the improvements.
Community Improvement Districts (CIDs): Establishing special districts where additional tax revenue is generated to fund infrastructure and development projects within the district.
Transportation Development Districts (TDDs): Creating districts where additional sales tax revenue funds transportation-related infrastructure improvements.
Brownfields Tax Credit and Redevelopment: Remediating and repurposing environmentally contaminated sites, transforming them into productive properties while accessing grants and tax incentives for cleanup and development.
Why Choose New + Found for Adaptive Reuse?
Choosing New + Found means partnering with a team that has a proven track record of successfully transforming underutilized properties into thriving, functional spaces. Our adaptive reuse solutions are rooted in creativity, sustainability, and financial acumen, ensuring each project not only meets today’s needs but also contributes positively to the community and environment.
Comprehensive Expertise: Our multidisciplinary team combines real estate development, financial structuring, and regulatory navigation to deliver successful adaptive reuse projects.
Strategic Financial Solutions: We expertly leverage a range of subsidy programs to maximize project viability and returns, ensuring financial success and community benefit.
Commitment to Sustainability: Our adaptive reuse projects prioritize environmental sustainability, from brownfield remediation to the preservation of historic buildings.
Transform Spaces with New + Found
At New + Found, we believe in the power of adaptive reuse to create vibrant, sustainable communities. Let us help you transform underutilized properties into dynamic spaces that drive economic growth and enrich the community.
Unlock the Potential of Adaptive Reuse with New + Found
Contact us today to learn more about our adaptive reuse solutions and discover how we can bring new life to your properties through innovative, sustainable redevelopment.