Adaptive Reuse in the Healthcare Industry: Repurposing Existing Buildings for a Medical Mission Jennifer Chaix J16006447 October 4, 2017 Dental Practice Repurposing Evaluation Becoming a dentist can take as little as four years, or as long as eight years, depending on the student’s enrollment status and route taken. Some choose to pursue a Bachelor’s Degree separate and apart from a dental degree, this being the cause of additional schooling. After obtaining either a DDS (Doctor of Dental Surgery) or DMD (Doctor of Dental Medicine), a dentist must make a decision to seek employment with an existing organization or open his own private dental practice. Each option presents benefits and drawbacks and, ultimately, the dentist will need to determine …show more content…
Another opportunity, usually less popular, is to purchase an existing building and renovate according to the practice needs. Adaptive reuse is the practice of reusing an old site or building for a purpose other than which it was built or designed for. There are several advantages to this method. Adaptively reusing an old building reduces energy consumption that generally comes with the demolishment of an existing structure and the re-construction of a replacement building. Although several adaptive reuse projects still involve additional construction, the amount of energy used for the additional work is substantially less than what constructing an entirely new building would require. High quality adaptive reuse can restore an old building for new use, while still providing opportunities for the community to continue appreciating the site’s historical significance and maintain links to the past. The caveat to repurposing an existing building is the additional costs required to outfit the building for the specific needs of a dental practice (Rodrigues, 2017). Listed below, are three existing buildings currently available in the Northshore region …show more content…
This property, listed at $112,000.00, is offered by The McCarthy Group Realtors. With 828 sq. ft., this property is the smallest of all three candidates. The property is a part of a business condo park, which is great for exposure and patient traffic. A caveat to this property is the required monthly condo dues of $203.97 a month. This added expense is not a locked in rate, so it is likely it will raise in the future. A walkthrough of this location revealed a small reception area, separated by a glass cube wall, and 2 small rooms. Surprisingly, there is an additional space located right next to this site, which is Suite 13. It is newly listed, by a separate owner, but the realtor believes an offer of $100,000 is reasonable. It is still unsure if, by combining these suites, condo dues would be double or modified. Assuming the additional suite can be purchased for $100,000.00, this property would double in size. There is still a large amount of construction and plumbing needs to make this property functional for a dental practice. Without seeing both units, a very rough estimate was provided, of $60,000 for construction needs and $60,000 for plumbing needs (Werhan, 2010). Without considering additional closing and title costs, this listing will require funds in the amount of $ 332,000.00, with additional monthly costs of