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CCIM Institute proposes adaptive reuse as separate property category

August 9, 2018

The term adaptive reuse casts a wide net and can refer to the conversion of railroad tracks into a linear park or an unsightly parking garage into a luxurious mixed-use complex.

A good example of adaptive reuse is the $200 million conversion of Bell Labs in Holmdel, New Jersey, into a mixed-use, urban-style development. When complete, the former AT&T research and development site will be called Bell Works and will feature a public main street, a rooftop hotel, offices, some nearby residences and other amenities.

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