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February 09, 2006
Converting Schools to Lofts
San Francisco's recent school closures are an apt example of declining children populations in urban areas, but what will the city do with the left over buildings? Granted, the District could make a bundle in SF's real estate market, but in DC Evolve LLC has taken an innovative approach, converting an elementary school into housing rather than tearing it down and rebuilding. The developer also attempted to retain some of the school's charm (?), by leaving in some urinals and preserving a green floor stain from squatting drug users.
The biggest obstacle initially, Mr. Swanson says, was removing pigeon droppings. Three Dumpsters were required for the job. His advice to anyone undertaking a similar project is to "plan triple what you expect to spend." To cover expenses, Evolve sold off other properties it owned because banks wouldn't consent to loans.
Old (School) House; D.C. Developers Flip Classrooms into Condos