The concept behind TAI's pursuit of Speculative Rehabilitation and Development is to provide investors with a well-researched methodology for tapping into the unrealized potential of existing buildings and property. The convergence of construction capability, financial resources and architectural vision will transform underutilized buildings and land parcels into desirable and lucrative assets.
Our company believes there is great value in quality construction and superior design. These skills are marketable and revenue-generating. We can offer design, but must also have access to financial and construction resources in order to execute these transformations in a timely and profitable manner.
The rehabilitation of property is healthy for the economies of surrounding communities, offers a sense of goodwill to all involved, provides a great marketing tool, and is “green” and “earth friendly” because of its recycled nature.
This process also promotes a geometric growth, as the success of each
new project increases the angle of the learning curve and leads to new
projects.
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New speculative townhouse development in Media, Pennsylvania (construction begins summer 2003). The new structure was designed in the spirit of the late architect William Price who inspired the "Rose Valley" craftman style and ran a workshop to create furniture and decorative arts just a few miles from the location of these new buildings. The project is the brainchild of Kevin Gillen of Gillen Co., developer in Media. |
Keys to Success:
The quality of the construction and the types of projects that are pursued must be acceptable to all involved parties. TAI believes in long-term growth and long range planning. This means an emphasis on working toward goals whose rewards may not be visible in the short term, but result in extensions of goodwill and community growth, as well as reputation enhancement that leads to greater successes in the future.
Projects that are undertaken should also focus on healthy urban growth and preservation of landscape in every way possible.
Primary Targets:
TAI considers the following types of properties ripe for projects that utilize the process described above. These are just a few of many possibilities.
- Mixed-use residential/office/retail surrounding public transportation
nodes.
- Conversion of larger, unused non-residential structures—such
as commercial or warehouse buildings—into residential space.
This is especially attractive in urban or other densely developed
areas.
- Development of mixed-use buildings in areas of single use activities.
For example: residential space above office or retail in areas that
are exclusively retail or office.
- Infill in areas that are developed but need to be finished to complete
gaps in the fabric.
- Rehabilitation of abandoned or derelict housing in transitional
areas.
- Conversion of existing buildings in areas of new growth for much-needed new schools, public office space, and religious space.
This concept of a team effort towards speculative rehabilitation and development has been a goal of TAI since its inception. Interdependency is the vehicle of success and the development of relationships across different disciplines allows for considerable accomplishment. This venture points toward endless possibilities and the creation of an important entity with the capability of building a brilliant future.