Office Conversations and Building Systems: Value Add or Money Pit?

Understanding the value of an asset’s building systems is critical for financiers and developers in managing project risks and setting expectations for conversion projects. With an increase in ‘quick’ assessment tools that qualify buildings at a high level (floor plates, amenities, aesthetics, etc.), owners don’t really get the full picture unless they analyze the building systems that could comprise a significant percentage of the cost of the project. The panel will highlight experts in structural and MEP engineering to discuss unforeseen conditions hidden within existing building systems that limit the opportunity for conversion, or far worse – becoming money pits. Panelist will discuss the advantages of using building information models to help develop potential costs of building maintenance and future retrofits as well as carbon tracking. The team of experts will share past project information and how initial assessments of building systems would have aided in the success of recent conversions projects.