Building façade renovations can heighten their commercial appeal in the real estate market.
What is a building façade renovation?
It is the installation of a new façade or storefront entrance that borrows from contemporary design trends and innovations while keeping the original aesthetic of a commercial structure.
Façade renovations can go a long way in enhancing a building’s image, taking the tenant experience from drab to something more modern and inviting.
How Façade Renovation Works
Façade improvements or renovations are gaining in popularity because it is easier and more economical to upgrade a building than it is to tear it down and rebuild.
Typically, new constructions can take anywhere from one to over two years depending on how easy it is to source the right location, hire the right architects and construct the building.
With façade renovations, projects can take as little as two months with minimal disturbances to existing building occupants depending on the scale and scope of the renovation.
This process is highly appealing to property owners as a business proposition because it provides a targeted investment that can deliver higher rents and lower operating costs with a fast delivery – that’s hard to beat!
Government Incentives for Façade Renovations
Additional incentives offered by municipalities further increase the attractiveness of façade renovations. For example, some retail properties may qualify for incentives through the City of Edmonton’s Storefront Improvement Program.
What does this mean for massive commercial projects?
This program grants property owners within certain districts up to $60,000 for eligible construction cost reimbursements. For larger properties greater than 10,000 sq ft, the Building Energy Retrofit Accelerator could be an attractive option.
Cities like Edmonton, Toronto and Hamilton offer these programs to encourage streetscapes that are more inviting and interesting which motivates more customers to walk and shop while helping business owners attract and retain tenants.
Commercial Façade Renovations Are Energy Efficient
Building owners have more options than they realize. Façade renovations, when done strategically, not only improve aesthetics but result in a more energy-efficient building.
For high-performance building envelopes that include additional exterior insulation, cladding and windows, a new building façade is really one of the most sustainable things an owner can do to set it apart from others in the location.
Whether you’re considering a façade renovation due to marketplace pressures or to pursue a more robust business proposition, they have the ability to transform and reposition a building for a new life.
Looking to elevate your building to the next level?
Call us at 780-448-8997 or click the button below to discuss options for your building.
Façade Renovation Project Examples
Spruce Grove Commercial Renovation
Located right in the heart of downtown Spruce Grove, AB, the Owner’s of this office building wanted to revitalize the property façade from its original guise to a modern-looking property. Thinking outside of the box, the Owner’s contacted IMARK directly and asked whether we would be able to help them to visualize their vision and turn it into reality. Well, we just loved the opportunity to let our creative juices flow!
Visualizing our ideas was easy using our in-house 3D abilities. Once we measured the base building, we were able to prepare dozens of designs. Within a few days, we narrowed it down to one that suited the Owner’s vision and budget the best. We continued working directly with Frank and Carole during construction, assisting with permits, dealing with local code compliance officers and coordinating the work of other trades around us.
All that while renovating an occupied building – the kids in the daycare had a blast watching our every move! We’re happy to have been a part of this interesting project, and we’re proud of the results.
“We enjoyed a first rate experience with IMARK, including design, consultation, construction, administration, and follow up service. We extend special thanks to Marcin for his creative design ideas, patience, and troubleshooting to resolve quickly any issues that arose. Our 45 year old building now looks attractive and modern with its new façade. We highly recommend IMARK if you are considering custom metal and cladding.”
Frank DeAngelis, FCD HOLDINGS LTD.
Edmonton West Light Industrial Renovation
Working directly with the building owner and tenant, façade improvements to this building meant repainting the entire building in the anchor tenant’s brand colours but also adding on an entirely new entrance feature. The entrance feature structure was built out using wood framing, and large format aluminum composite panels were fabricated in grey and red colours to match the colour of the building. The size and scale of the entrance welcomes customers and completes the brand image for the tenant’s newly renovated space.
Written by Chris Sims
Chris knows a thing or two about bottom lines as he holds a degree in Finance and a Masters in Business Administration (MBA). When he isn’t crunching numbers and organizing business operations here at IMARK, you can find Chris out and about with his two busy boys.