Building conversions meet construction circularity - Daily Commercial News

Canada's construction news

Empty Class B and C commercial buildings represent stranded assets that property owners can ill afford. One of two options seems inevitable in such cases. Either the building is repurposed or the building is demolished and replaced by a new structure more appealing to new tenants. Each solution requires the consideration of complex issues.

The allotted funding for the program was fully taken up. The program was revived in September 2024 under much the same terms, with a maximum of $15 million per project.six surplus federal properties would be developed into more than 2,800 new homes in Calgary and Edmonton, in St. John’s, N.L. and Ottawa.

Nevertheless, repurposing or converting doesn’t always make sense versus demolition, despite the sustainability advantages. In premium urban locations, the owner might instead net a substantial leasing premium for a new, space-efficient building built for today’s needs. To make this concept work at scale, there is much discussion about “Material Passports” that serve as a detailed record of the construction materials used within a building. These passports provide essential information about the materials’ composition, potential for reuse and recycling.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DCN_Canada /  🏆 17. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Techniques for building consensus in procurement - Daily Commercial NewsCanada's construction news
Read more »

Long-term care residence officially opens in Guelph - Daily Commercial NewsCanada's construction news
Read more »

OGCA endorses Ford and ‘his vision for Ontario’s future’ - Daily Commercial NewsCanada's construction news
Read more »

Canada’s biggest city plans for Trump tariffs - Daily Commercial NewsCanada's construction news
Read more »

HHCA forecast previews major regional public projects - Daily Commercial NewsCanada's construction news
Read more »

IUOE Local 793 endorses Ford in Ontario election - Daily Commercial NewsCanada's construction news
Read more »