Condominium Conversions - How to Avoid the Pitfalls
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TYPES OF CONVERSIONS
1. Conversions involving a change of use
- Most complicated
- Such as converting a church into residential, or a factory into residential
2. Conversions which retain same use
- Such as converting an apartment to a residential condominium
3. Conversions involving additions
- Conversions involving additions to existing structures, such as new floors or new structures
THE DEVELOPER’S POINT OF VIEW
BENEFITS
1. Social:
- Historical continuity, heritage
- Neighbourhood context, scale
2. Green / Sustainability
- Retain embodied energy
- Minimal demolition: less landfill, less new material
- Infill sites support intensification
3. Planning
- Existing envelope, height, density, window openings
- Neighbourhood acceptance
4. Marketing
- Appeal of unique building: higher sale value
- Benefit of unique features: ceiling heights, detailing
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