Benefits and Challenges
11
Benefits and
Challenges
The many positive impacts of adaptive
reuse benefit not only the neighborhood,
but extend to the entire municipality
and region as well. Revitalization brings
with it economic and social benefits
that enhance the tax base, demonstrate
economic vitality, preserve heritage, and
promote healthy, walkable communities.
Municipalities that proactively plan for
adaptive reuse will position themselves
to reap it benefits.
Successfully adapting any institutional
property for a new use requires
an understanding of local context,
cooperation among stakeholders, and
specialized architectural and regulatory
knowledge. The success of an adaptive
reuse project is influenced by factors
including the real estate market, site
constraints, and the proper application of
land use regulations and building codes.
The Arbors at Athens, Lower Merion.
