Monday, May 7, 2012

Value Add Re-Development


The 12 motels will be converted into 2 story loft style apartments that are $1,628 sqft each and leased at a rate of $995 monthly. They will be updated with energy efficient AC/Heating systems, tankless water heaters, and eco-friendly carpet. Heating water accounts for up to 30 percent of the average home's energy budget. Some makers of gas-fired tankless water heaters claim their products can cut your energy costs up to half over regular storage heaters. I’m not buying it! 

The roofs will be made from recycled-content shingles such as plastic, rubber or wood fiber. Although the amount of energy it takes to produce this product is fairly low, the harvest of “old-growth” trees is not sustainable in the long run. They also may not be permitted where there is a risk of brush and forest fires. Recycled-content roof shingles help divert waste from landfills and reduce our need to extract and process raw materials, which lowers energy consumption and reduces pollution. Some of these products are recyclable, too, and many come with eye popping 50-year warranties!

Moving away from traditional office space, we decided to convert the 5,935 sqft office building into 10 – 300 sqft and 3 - 400 sqft rooms. The building will also have his and her bathrooms, a receptionist area, and a corporate kitchen. Units of America will lease to approximately 50 tenants at a rate of $150 monthly or $90,000 annually. This is the perfect concept for small business owners and entrepreneurs that have a home based business and/or don’t need a huge office that's out of their budget and business model. Having a small affordable office to meet clients, vendors, or colleagues with 24 hour access fits today’s mobile professional.

The Convention Plaza building will be converted a call center for one of the largest companies in the Dallas/Ft. Worth Metro-plex with more than 10,000 employees. We will also be going Green with the Convention Plaza building. Another element that will be established in regards to the convention plaza and office building is Building Adaptability. This is the capacity of a building to be used for multiple uses and in multiple ways over the life of the building. We 

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