2020
COVID REAL ESTATE REPURPOSING & REDESIGN
Create cash flow solutions in response to vacancies & reduced tenant capacity to pay rent.
GYMS, SALONS, & SPAS– Rename as health offices to be considered an essential service.
INDUSTRIAL PARKS– Convert into live-work condos.
HOTELS & MOTELS– Leverage the plumbing and parking. Convert into condominiums, townhouses, co-housing, & apartments to serve: all ages, or specialize: seniors, parents with kids, etc.
SCHOOLS & EDUCATION FACILITIES– Since Zoom and online education is becoming mainstream, convert plumbing & parking rich education facilities into live-work condos, apartments, create homeschooling community rooms & child care.
FOOD AND BEVERAGE SERVICE- Leverage that commercial kitchen permit, convert seating to multiple vendor food courts with “to go “ only.
OFFICES– Convert to live work condominiums, convert one of the suites into social distancing wifi workstations and business incubators.
RESIDENCES- Make every bedroom a master bedroom suite with a private bathroom, wet bar, and exterior entrance. Increase rent price from bedroom to “studio apartment” rate.
RETAIL STORES: Convert into mini fulfillment centers with multiple vendors with to go pick up only.
INDUSTRIAL PARKS: Create light industrial live-work condos, create urban agricultural sites
STADIUMS AND ATHLETIC PARKS: Create tiny home parks, mobile home & RV parks
TIPS– Expedite permits with allowable zoning. Obtain Affordable Housing incentives to respond to the shortage of over 7 million affordable housing units in the USA. Create home occupation hubs. Create a community kitchen/bathroom/laundry plumbed facility. Create to go pick up lobby’s where folks can be 6 ft apart.
CRENSHAW SOLUTIONS– Collect documentation on existing improvements , research what uses are currently allowed in that zone, due diligence zoning feasibility study with super preliminary design sketch, followed by soft costs and hard costs budget analysis.
Schedule a feasibility consultation to transform your property