Commercial Real Estate: Renovate, Re-purpose or Rebuild?

Renovation is nothing new to investors who look for value-add properties. Sometimes a fresh coat of paint, new fixtures, or an exterior update are all that is needed for a new owner to be able to boost rents.

Renovated Office Building on Red Road in South Miami, FL

I have read several articles lately about re-purposing buildings, and there is a great example of one in Coconut Grove. Touzette studios designed a mixed use office and retail building out of a parking garage.

Previous parking garage being repurposed to office – Mary Street, Coconut Grove, FL

The Shoppes at Sunset Place and Cocowalk are a combination of all three.

Construction of new office space at CocoWalk – Coconut Grove, FL

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Jennifer Wollmann

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