In a new ULI research report, architect Lori Ferriss explores how reimagining existing buildings can unlock powerful economic, environmental, and social value. Commissioned by ULI and made possible by a generous gift from Kohn Pedersen Fox (KPF) to the ULI Foundationin honor of the late A. Eugene Kohn, the report—What’s Old Is New: The Business Case for Urban Adaptive Reuse—offers a compelling framework for developers and investors seeking both profit and purpose.

“The business case for adaptive reuse lies in the capacity of these projects to simultaneously generate economic, environmental, and social co-benefits,” Ferriss says.

Ferriss also emphasizes the emotional and cultural impact of reuse: “There is a special sense of pride, accomplishment, and often stewardship that comes from successfully renewing existing buildings.”

The report features case studies from Kansas City, Boston, and Lisbon, and outlines how reuse projects can reduce risk, accelerate returns, and catalyze urban revitalization—all while preserving architectural character and community identity.

Read the full article on the Urban Land Magazine website.