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By Shempatolla (registered) - website | Posted February 13, 2011 at 16:47:23
The reason Vranich (or more probably any developer) does not/would not want to redevelop the Fed building is that a retrofit/renovation/development of that nature is tremendously more expensive than ripping it down and building from scratch. While the building may be sound, there are no doubt issues of asbestos abatement, tear out of every old system in the building, the engineering required to retrofit new systems like electrical, water, hvac, fire suppression and detection, reroute ingress and egress to accomodate new residential floor plans and on and on. Its not that its not doable, it simply costs more. His only motivation here is bottom line. If you are familiar with any of his other projects downtown, visionary and forward thinking are not words that are normally associated with Vrancor.
Cheers
Greg Galante
Hamilton
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