Old Industrial Building to Loft Conversion

[Nathan H.]

Hello Everyone, 

I came across a potential opportunity to convert a nice brick warehouse into some loft-style apartments. I'm a very active investor in the area, so I know this works as far as financing, zoning, parking, demand, ect.

I've never done a similar conversion, so I don't know a good baseline to determine the costs of doing this. From what I know (of course to be confirmed through due diligence), there are no environmental concerns, asbestos, structural issues, ect. If I find out there are, I'll reassess. 

For now I'm trying to get a rough estimate of conversion costs as far as ducting, plumbing, electric and final finishes. Wondering if anyone has done a similar project and what their approximate per sqft reno cost was, not including things such as exterior and roof, structural, environmental remediation, parking lots, security, ect. The building is in great shape overall. 

Thank you!

[Ian I Leinwand]

Hi Nathan

I just completed a renovation of a commercial space in Old Town Fort Collins.

Building was basically a one story cinder block shell.

our per square foot renovation cost was around $50 a square foot.

this include new hvac electric and plumbing. But it was a simple layout and built out for retail. 

I would expect costs for residential to be higher. Would love to learn more about you project. Let me know if you need a GC recommendation.

The City of Fort Collin is also very difficult to work with and extremely slow in the permit and review process.

Change of use for the building will trigger all kinds of requirements to get building up to code