There was time when the Totem Lake Mall was a thriving shopping center. Those days are gone and so is the mall. Although currently Totem Lake have rather average scores from Walkscore.com (just 48
Not only that, but there are Historic Preservation Tax Credit incentives available if the structure is deemed historically significant and is planned to be used for a commercial purpose. This can save 20% of the construction costs on a project in direct tax credits on your federal taxes, not to mention other state or local incentives that may be available.
There are many interesting examples of adaptive reuse in Seattle. The Sanctuary in Capitol Hill was recently transformed from the First Church of Christ Scientist, a traditional Beaux Arts building built in 1909 to luxury condominiums in 2012. This offers the best of both worlds, as the landmark historic building continues to provide that lasting legacy in the neighborhood and the condominiums are unique and one of a kind.
In Ballard, you may have come across the old Fire Station No. 18, a looming 1911 brick structure at the corner of Russell Way is now home to the Hi-Life restaurant. The large open space lends itself to a restaurant atmosphere, and the exposed brick and lofty ceilings give it a nice character.
Wallingford Center in the busy intersection of Wallingford Avenue and 45th Street was once the Interlake Elementary School, built in 1904, is now a multi-purpose center with retail, dining, studio apartments, and a daycare center; it was converted in 1983.
As you look around the city where you live, consider the possibilities of all the structures to serve different purposes than may be obvious. Sometimes that can offer even more creative and innovative solutions and positively impact your bottom line. Are you interested in living in an adaptively reused building? Contact Team Troy today at 206-504-3660 for help in finding your perfect space.
~Married with 2 children ~Turned grey prematurely ~Fetish for all things Apple ~Urban chicken farmer ~Enology (wine making) student @ WSU ~14+ years of Real experience “Here at TeamTroy we h....