M.C. Real Estate Services (Kansas City, MO) estimates that 60% of its projects in the last five years have been building rehabs rather than new construction. As a strong supporter of Kansas City's urban revitalization, the developer knows that renovating an existing building can be just as costly as new construction.
So, when the company recently relocated the expanded information technology (IT) department of DST, a financial services company, to an 80-year-old warehouse in downtown Kansas City, cost was a concern. Ultimately, the developer chose a raised-floor hvac system in order to reduce construction costs significantly - as much as 10% overall.