The Vitamin Vault - Walgreens in Historic Bank

Walgreen-Bucktown-Chicago-store.jpg

This is a Walgreens store located inside a historic bank building in Chicago. It has been a very talked about redevelopment project including Huffington Post and Forbes. I came across this photo on Instagram: walgreens-former-bank
from Instagram http://bit.ly/1qGCAPW
via jorgemus
The Vitamin Vault #chicago #architecture #bank #walgreens #farmacy #vitamins #vault #door #metal #health #shopping #design

Here is an exterior shot before the signs went up:

Walgreen-Bucktown-Chicago-store

Adaptive Reuse - School, Church & Starbucks

Great example of adaptive reuse project with corporate tenants:

Old School O7 in Phoenix, AZ

Old School O7 1 Vital Stats Opened: 2013

Owned: Wetta Ventures

Size: +/- 9,000 SF

Team: PK Associates, RSP, Chasse Building Team, MSA Engineers, TwinEngine Design, Airpark Signs & Graphics

Old School O7 ("O" for Osborn Road; "7" for 7th Street) is an adaptive reuse and new construction project in Midtown Phoenix. The project consists of a 1,700-square foot freestanding drive thru building that is leased to Starbucks. The existing 4,075-square foot church, built in 1948, will be re-purposed as a new restaurant for Z'Tejas new concept, Taco Guild. The remaining, 3,518 square feet housed in the 1955 school building will serve as new shop space for general retail uses. The project represents a one of kind redevelopment project with a 100+ year history - a combination of new construction and adaptive reuse that will spur further economic growth in the neighborhood.

What people are saying: ‘This is a great example of responsible development, as it retains a piece of Phoenix history while meeting modern needs’ -Tom Simplot, Phoenix City Councilman

source via Old School O7 –.

Old School O7 2

Former Bank Building #adaptivereuse as AT&T retail #cre


from Instagram http://bit.ly/1qGCAPS
via realtmo
Former Bank Building #adaptivereuse as AT&T retail #cre

Reuse and redevelopment of former bank branches

DPP_0043.jpg

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?

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.