The new ownership of a 1960 office building challenged me to upgrade and renovate the dated and worn interior main lobby, the building entrances and facades. The owner desired to add value to the building, maintain existing tenants and increase rental rates. The building had no previous renovations and outdated/worn finishes. I involved in all aspects of the design process from initial schematic design proposals, space planning, and design development including custom detailing, material, and furnishings; and construction management including furniture installation.

Completed October 2004.

Return On Investment Factoids:

SURBURBAN LOWRISE

• 1960 VINTAGE, 80,000 SQ. FT. 6 STORY BUILDING
• SURBURBAN LOCATION
• NEWOWNERSHIP
• SOLID +85%OCCUPANCY
• MAINTAIN EXISTING TENANTS
• UPGRADE QUALITY OF TENANTS
• WELLMAINTAINED

EXISTING GROUND FLOOR LOBBY

• NO PREVIOUS RENOVATION
• OUTDATED /WORN FINISHES
• DESIRE TO ADD VALUE TO BUILDING
• INCREASE RENTAL RATES

CAPTURE VALUE

• CAPITALIZE ON LOCATION
• MAINTAIN EXISTING TENANTS
• INCREASE RENTAL RATES
• $16.00 PER SQ. FT. GROUND FLOOR
• ESTIMATED PAY BACK 3.5 YEARS
• $3.00 PER SQ. FT. INCREASE