Feasibility Assessments Steps for Adaptive Reuse
STEP ONE: Quick Start Feasibility
Is The Project Worth Pursuing?
Quick Start Feasibility is the first step in exploring the potential of your building for adaptive reuse. With a focus on a low cost study, efficiency, and actionable insights, this service is the first step for clients who need a swift yet reliable evaluation of whether a project is worth moving forward with.
Process
Site Visit
-- Brief site visit walkthrough with architect, structural engineer, and general contractor to assess the building’s current condition and potential for reuse.
High-Level Code and Zoning Review
-- High level analysis of critical codes and zoning regulations to identify potential barriers or opportunities for your project’s feasibility.
Existing Documentation Review
-- Review any existing building documentation provided.
Structural Input
-- High level analysis of seismic upgrade triggers and anticipated upgrades with ballpark cost based on comparative projects.
Deliverables
-- Plan Diagram (program diagrams showing leasable sf, unit counts, etc.)
-- Summary of initial code review, adaptive reuse incentives, and list of challenges and opportunities
-- Rough Order of Magnitude (ROM) budget
Our team, with decades of adaptive reuse experience, can quickly assess the key factors needed for our clients to decide if a project is feasible. If so, this study lays the foundation for the next step of deeper exploration onto the Viability Blueprint.
STEP TWO: Feasibility Assessment
Is the project is financially viable?
Bridge the gap between high-level feasibility and project execution. This is the next step for a more detailed study providing the analysis and planning needed to build financial models and make informed decisions. By providing detailed insights and actionable deliverables, you will have the tools to move forward confidently.
Process
Expanded Job Walk
-- Jobwalk conducted by our team of experts, including the architect, structural engineer, MEP engineer, and/or general contractor for a more thorough evaluation.
Existing Documentation Review
-- Obtain more existing building documentation such as as-built drawings and/or permit documents to gain further insight into the building's structure and potential.
Preliminary Structural and MEP Review
-- Assess existing conditions and proposed plans for anticipated upgrades and system reuse viability.
Code and Zoning Analysis
-- Comprehensive and high level review of zoning regulations, code triggers, and considerations like parking, density, accessibility, exiting, and seismic compliance.
Program and Planning Study
-- Analysis of potential unit counts, room configurations, and space planning to identify the best path forward.
Deliverables
-- Preliminary floor plan layouts showing all floor uses, typical unit layouts, leasable sf
-- Updated Rough Order of Magnitude (ROM) budget.
-- Comprehensive Report including: Structural and MEP Narrative for building upgrades and system requirements; initial impact analysis including adaptive reuse or other incentives, identifying challenges, opportunities, and key considerations.
STEP THREE: Pathway to Action
Let’s strategize the best plan forward!
Following the Feasibility Assessment, it's time to develop a strategy for ensuring project success. This may involve moving forward with assembling the full project team, creating detailed plans, submitting to regulatory agencies, and securing necessary approvals.
For more complex projects, additional design studies, site analyses, early meetings with regulatory agencies to build consensus, or further cost assessments may be required. As part of this development strategy phase, it's essential to finalize the budget, schedule, consultant team, program, and all key concepts to prevent future delays and cost overruns