Adaptive Reuse Projects
Adams Commercial assists clients in finding adaptive reuse opportunities – helping to bring new life to projects. We use our in-depth expertise and understanding of local market trends to identify existing buildings that may have a new highest and best use. This allows our developer clients to acquire properties with existing structures below replacement cost that add irreplaceable character to their project. The company was an early pioneer in Atlanta working with developers who converted warehouses and mercantile properties to residential loft buildings. A sample list of Adams Commercial engagements for adaptive reuse projects includes, but is not limited to:
- Adams Commercial marketed the Baptist Tabernacle church that became known as the Tabernacle concert venue and an abandoned truck terminal that became Arizona Avenue athletic fields. [To learn more about that project, watch this video]
- The company helped the City of Decatur acquire the buildings and land of the 77-acre Methodist Children’s Home, a former home for orphans that has evolved into adaptive reuse of existing buildings, passive and active greenspace and construction for affordable housing.
- Adams Commercial was involved in the sale of several abandoned public school sites resulting in the preservation of the buildings and their eventual adaptive reuse as apartment and condominium developments.
- The company brokers successfully listed, marketed and sold the former US Forces Command Center to a Real Estate Investment Trust (REIT) with plans to convert the property into a state-of-the-art regional Food and Drug Administration (FDA) laboratory.