Advantages of Adaptive Reuse  

  Many times, historical sites are locted in the center of large cities due to the spatial development of the area.  Sometimes these buildings can be heritage-listed and therefore sold as an entity, rather than just for the land the building sits upon.  If sold this way, new tenants are forced to retrofit the building for their particular purpose.  This helps preserve some of the character of these buildings which is evident in their detailing and joinery.  This grand character can influence the "feel" of a building and the surrounding community.  This is demonstrated in the below photo where an old, historical warehouse has been converted into comfortable lofts.

     Other benefits from adaptive reuse include the acceleration of the building process because it can take less time to retrofit a project than to demolish and rebuild from the ground up.  Special financing may also be available for certain categories of older buildings.  This can make projects more economically feasible and / or profitable.