Jovial Concepts purchased this building in hopes to resurrect it and make it a building the community had pride in. It had served as a community center and they hoped to transcend it into a community grocery store and an office building with offices and studios for nonprofits and health providers such as Yoga.
This story is a shining example of taking a building with little street appeal and problems waiting to happen and making it into a building that any tenant would be proud to be in. It became a building the community loves to see instead of a building that people wanted to close their eyes and wish it would go away.
This is a building that had a working roof, but it was a roof that had limited life left. The hail punctured the roof and caused leaks. The water intrusions caused damage to the front soffit and interior drop ceiling as well as the stained roof decking and structural beams exposed for the industrial motif. The water damaged the laminated flooring. The cinder block paint was damaged by hail. Hail had broken exterior light fixtures and security cameras.
Paid for by insurance, new roof. Due to the fact Denver’s building code had
been changed, the roof was updated, with greater slope and increased insulation saving on energy dollars.
The Air units had damaged coils that could not be combed and since the units were no longer made and the coils were no longer available, new units were paid for by the insurance company.
Because the front soffit was damaged and then repaired, the entire front soffit and trim was painted courtesy of the carrier. Add new cameras, new fixtures and the fact the owner worked out a deal for a local artist to paint a mural for slightly more than the paint would cost and you have a total transition.
The interior was slated to be remodeled so all of the funds for the restoration of the interior went toward the remodel.
The owner received funds from CHFA for the remodel and that along with the insurance funds has changed the building and the community.
The result was a building that is 3 to 4 times more valuable today. Its offices are full, there is a yoga studio operating on premises. There is now an urban food market for the community and a beautiful commercial kitchen that is leased to food trucks and others in the community.
The initial insurance estimate was less than $80,000. Because of Claim Animalz & KAT Construction Management the final insurance amount exceeded $200,000. The value of the building before the storm was less than .5 mil & now is more than 1.5 mil. A True Success for the owners, tenants & community
This story is a shining example of taking a building with little street appeal and problems waiting to happen and making it into a building that any tenant would be proud to be in. It became a building the community loves to see instead of a building that people wanted to close their eyes and wish it would go away.
This is a building that had a working roof, but it was a roof that had limited life left. The hail punctured the roof and caused leaks. The water intrusions caused damage to the front soffit and interior drop ceiling as well as the stained roof decking and structural beams exposed for the industrial motif. The water damaged the laminated flooring. The cinder block paint was damaged by hail. Hail had broken exterior light fixtures and security cameras.
Paid for by insurance, new roof. Due to the fact Denver’s building code had
been changed, the roof was updated, with greater slope and increased insulation saving on energy dollars.
The Air units had damaged coils that could not be combed and since the units were no longer made and the coils were no longer available, new units were paid for by the insurance company.
Because the front soffit was damaged and then repaired, the entire front soffit and trim was painted courtesy of the carrier. Add new cameras, new fixtures and the fact the owner worked out a deal for a local artist to paint a mural for slightly more than the paint would cost and you have a total transition.
The interior was slated to be remodeled so all of the funds for the restoration of the interior went toward the remodel.
The owner received funds from CHFA for the remodel and that along with the insurance funds has changed the building and the community.
The result was a building that is 3 to 4 times more valuable today. Its offices are full, there is a yoga studio operating on premises. There is now an urban food market for the community and a beautiful commercial kitchen that is leased to food trucks and others in the community.
The initial insurance estimate was less than $80,000. Because of Claim Animalz & KAT Construction Management the final insurance amount exceeded $200,000. The value of the building before the storm was less than .5 mil & now is more than 1.5 mil. A True Success for the owners, tenants & community
