The CEO of New York-based Petore Construction, Ted Vitale has over 15 years of experience as a national leader in construction and construction management. Ted Vitale draws on a strong background in the retail construction industry to ensure a smooth and efficient workflow with clients that minimizes interruption to day-to-day operations.
Retailers and commercial real estate investors have an opportunity to both reduce construction costs and cement their brand image by adapting historic real estate rather than start entirely new projects. As a renovation project, adaptive reuse is often far less expensive than building from scratch. Adaptive use especially cuts down on construction costs associated with steel and aluminum, which are experiencing, which tend to be volatile.
Additionally, historical buildings tend to be in places that have experienced decades of growth, placing them in densely-populated areas. Moreover, for many brands, the character that a historic building brings is a huge benefit for their brand. Older buildings may not be entirely free of drawbacks, but they certainly present a number of benefits.
