There are many reasons why developers are attracted to adaptive reuse today. There is an increased demand from cities, residents and tenants for renewed urban cores. Americans are regaining a taste for urban living and moving from suburbs back to redeveloped cities.
Earlier this year, Fossil inked a long-term lease for 535,000 sq. ft. of office space at 901 Central in Richardson, a northern suburb of Dallas. At the same time, the company sold off two office buildings and one distribution facility totaling 459,000 sq. ft.