Leading a private market effort to achieve quality housing through adaptive reuse.
Project Goal
In partnership with the private market, our goal is to provide severely needed interim housing to the unhoused population in a prime Koreatown location. Programmatic needs were at the forefront of our design; creating staff specific spaces, clean lines of sight, and ample storage options. This site features new building systems, a renovated interior and gated building access.
Challenges
This site presented many challenges throughout the phases of construction. The site was formerly a vacant four unit building, which required a complete renovation to create a single cohesive site. Many building improvements were necessary to produce an environment that incorporated features necessary for a functional interim shelter. It’s proximity to residential neighborhoods, schools, and heavy foot and vehicular traffic made site security and privatized space crucial components of the site.
Solutions
DAECO worked with ownership to execute an adaptive reuse of a fourplex residential building to interim housing. A schematic design was created to renovate the entire site and incorporate critical program components such as case management offices, communal resident spaces, and enhanced fire and ADA features. Our team lead the construction process, ensuring the elements necessary to best serve homeless populations, open lines of sight for staff, exterior community space, and a designated smoking area, were provided for clients to enjoy.
Special Assets
DAECO has extensive experience in non-traditional assets throughout the greater Los Angeles area. Our team is well versed in distressed assets and REO’s having conducted over 300 BPO’s for commercial lenders and sold over 16 lender owned properties. Our expertise includes Master Leasing and Non-Profit acquisitions for housing programs. This expertise translates to assisting investors in the private market that are focused on creating housing opportunities. Our clients also benefit from our in-depth knowledge in supportive housing and assisted living facilities (ARF’s & RFCE’s)
Buyer Representation
Our buyer representation services are best in class due to our ability to listen to our client’s needs, source opportunities from our network of owners/brokers and identify well-vetted options that match our client’s individual needs. DAECO is skilled in contract negotiations and has a proven track record of guiding our clients through competitive markets to present winning bids. Our experience representing sellers has helped inform and shape our offer presentations to achieve success for our buyers.
Seller Representation
In DAECO’s 18 years of real estate experience, we amassed significant experience in qualifying potential buyers, vetting offers and guiding our sellers through counteroffers and often-complicated escrow process. We offer our sellers a strong marketing campaign to advertise their assets, a large database of potential buyers & brokers and asset knowledge from our experience across many asset types (multifamily, mixed-use, commercial). Using our adaptive reuse experience, we can view assets for their potential beyond their current condition therefore our sellers can take full advantage of all market opportunities.
Partnership between non-profit and private sectors to achieve quality housing through adaptive reuse.
Project Goal
In the City of Los Angeles there are an estimated 46,260 people who are homeless. Creating quality, supportive interim housing is critical to combatting the problem and transitioning this population back into communities. The intention of the site was to accommodate residents’ individual needs and provide a sense of community with easy access to services by using a service and trauma-informed design approach. Programmatic needs were considered by creating staff specific spaces, clean lines of sight and ample storage. This site features ADA mobility and communication room options, new building systems, a renovated interior, and gated building access.
Challenges
The site selected presented many challenges throughout the phases of construction. The site was vacant for many years which resulted in deferred maintenance and required renovation of several major building systems. The building was previously used as a board and care facility; to properly address the physical needs of an interim shelter, many building improvements were made to produce a site conducive to a functional interim shelter. It’s near proximity to schools, residential homes, and retailers made site security and privatized exterior space crucial in the end design.
Solutions
DAECO worked with a private market investor to acquire the property with the intent to convert to interim housing through adaptive reuse of the site. With ownership input, a schematic design was created to renovate the entire site and incorporate critical program components such as case management offices, communal resident spaces, and enhanced fire and ADA features. Our team was instrumental in the construction process, ensuring the elements necessary to best serve homeless populations, such as en suite bathrooms, lines of sight for staff, community space, and a designated smoking area, were provided for clients to enjoy.
Special Assets
DAECO has extensive experience in non-traditional assets throughout the greater Los Angeles area. Our team is well versed in distressed assets and REO’s having conducted over 300 BPO’s for commercial lenders and sold over 16 lender owned properties. Our expertise includes Master Leasing and Non-Profit acquisitions for housing programs. This expertise translates to assisting investors in the private market that are focused on creating housing opportunities. Our clients also benefit from our in-depth knowledge in supportive housing and assisted living facilities (ARF’s & RFCE’s)
Buyer Representation
Our buyer representation services are best in class due to our ability to listen to our client’s needs, source opportunities from our network of owners/brokers and identify well-vetted options that match our client’s individual needs. DAECO is skilled in contract negotiations and has a proven track record of guiding our clients through competitive markets to present winning bids. Our experience representing sellers has helped inform and shape our offer presentations to achieve success for our buyers.
Seller Representation
In DAECO’s 18 years of real estate experience, we amassed significant experience in qualifying potential buyers, vetting offers and guiding our sellers through counteroffers and often-complicated escrow process. We offer our sellers a strong marketing campaign to advertise their assets, a large database of potential buyers & brokers and asset knowledge from our experience across many asset types (multifamily, mixed-use, commercial). Using our adaptive reuse experience, we can view assets for their potential beyond their current condition therefore our sellers can take full advantage of all market opportunities.
