Finding Good Dirt

As buildable sites get harder to find and more expensive to develop, developers are becoming more creative and taking greater risks.

1 minute read

March 19, 2001, 9:00 AM PST

By Chris Steins @planetizen

Three years ago, the Atlanta-based Winter Group gained international attention when it converted a 1920s high school in the citys Little Five Points area into a 133-unit urban loft project that retained features such as classroom chalkboards and student lockers. The company cleaned up the site, remediating the lead and asbestos in the structure, and later reaped the financial rewards. Rents at Bass Lofts are $1.35 per square foot, some ten to 20 cents higher than a new project in the suburbs would have yielded.

Thanks to Urban Land Magazine

FULL STORY: Finding Good Dirt

Friday, March 16, 2001 in Urban Land Magazine

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