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Reuse and redevelopment of former bank branches

June 22, 2012 by TMO Leave a Comment

Put your thinking cap on.  How do we reuse and re-purpose all these old buildings?

It seems to me the “greenest” building is an existing one.  Why build new when you can buy for 20% of replacement cost?

How do we reuse this old bank building?

Specifically, this is a former Citibank branch in a decent location within a major western MSA. The building is about 10,000 sf total (half ground level and half basement). Branch is fully finished and built out as a bank with drive thru lanes, teller counters, office, conference rooms and all furniture. It is for sale or for lease and owner is open to redevelopment.

Let me know your ideas…..

Networking Opportunity for Reuse of Existing Buildings

Also, if you are interested in reuse and redevelopment of existing buildings please let me know. I will be forming a networking group of those interested. This would also go for properties that you own or have listed that are taking a long time to sell/lease, are functionally obsolete or are just plain “weird”. I am thinking we can help each other out with some regular brainstorming sessions of how to redevelop and reuse odd buildings and make them easier to sell or lease.  If interested, email here or tweet me.

Filed Under: | Impact Investments |, | Real Estate Investments |, | Real Estate REuse |, Bank Reuse, Real Estate Redevelopment, Real Estate Repositioning And Turnaround Services, Real Estate Reuse Tagged With: bank reuse, former bank, redevelopment, reuse, turnaround

About TMO

Thomas Morgan aka TMO is obsessed with existing buildings that are old, historic, unique or rundown and turning them into something useful while making a decent rate of return in the process.

As a real estate "redeveloper", investor, broker and appraiser, Thomas has been involved with over a half billion dollars of investment real estate nationwide.

Thomas lives near Aspen, CO and loves spending time in the mountains with his wife, daughters and pups.

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