REVITALIZING VINTAGE BUILDINGS by ProQuest

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For starters, historic buildings capture the essence of the past and many times can tell a story in just one glance. One positive aspect of having an older structure is the solid construction work that went into building it. To preserve the historic nature and original feeling of a building, but still keep renters interested, one might consider plans for a series of capital improvement projects. Washington, DC owner/manager, DARO Realty, Inc, AMO, has been in business for nearly 75 years. In recent years, DARO has completed various capital projects to maintain the value of and draw residents to their buildings. There is a culture of pride and ownership among the maintenance team at the company, with the don't make it do, make it right attitude that each member of the team possesses. This behavior allows DARO to maintain history within their buildings and make them functionally modern, while still retaining and/or lowering maintenance costs.

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									     case study



Revitalizing
Vintage Buildings                   BY CHRYSTAL J. BROWN




     IREM AMO FIRM
              ®


     DARO KEEPS
     HISTORY ALIVE IN
     A CONTEMPORARY
     MARKETPLACE
44                 J P M www.irem.org             nov/dec 2008
                       ®
In a time when most people are in search
of the latest gadgets, fashion, cars &
even home trends, like loft-style floor
plans or granite countertops and stainless
steel appliances, some owners & management
companies are left with a question to ask
themselves:
“What can I possibly do with this           concrete separating the floor, as well as
85-year-old building to keep it appeal-     plaster and lathing walls that prevents
ing to today’s renter?” It may seem         noise between apartments. Larger, spa-
difficult, with the new construction        cious apartment homes with walk-in
and condo boom just behind us and           closets and separate dining rooms and
the influx of fractured condo rever-        alcoves are also more prevalent in his-
sions, but there is certainly something     toric buildings than those built now.
to be said about owning a historic          Hardwood floors are vastly popular in
building. It can truly be a real treasure   today’s contemporary apartments, but        Carpet was custom made for Sedgwick Gardens.
when it is understood and marketed          they cannot compare to the original         Designers replicated existing motifs within the property
properly.                                   classic red oak or wide-pine floors         to maintain the building’s historic integrity.

   So what does a historic building         that are often found in historic apart-
offer that a newer one may not? For         ment buildings.
starters, historic buildings capture the       Selling all of the aforementioned
essence of the past and many times          characteristics is an excellent way to
can tell a story in just one glance. It     market an older community and, in
could be in an original piece of fur-       many cases, you will find that some
niture that a public figure loved to sit    renters actually seek out residences
in when frequenting your building,          with these distinctive features.
which may have been an expensive
hotel from the early 20th century.          TO PRESERVE & PROTECT
Or maybe there is a mural or colorful       To preserve the historic nature and
mosaic in your building’s stone work        original feeling of a building, but still
that depicts a time period that people      keep renters interested, one might
immediately sense when viewing it.          consider plans for a series of capi-
   One positive aspect of having an         tal improvement projects. If planned
older structure is the solid construc-      strategically, a strong capital improve-
tion work that went into building it.       ment program ove
								
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