RENOVATING PERRY BUILDING INTO A SHOPPING MALL

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RENOVATING PERRY BUILDING INTO A SHOPPING MALL. Kaumudhi Nalubolu. HISTORY. - PowerPoint PPT Presentation

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RENOVATING PERRY BUILDING INTO A SHOPPING MALL

Kaumudhi NaluboluRENOVATING PERRY BUILDING INTO ASHOPPING MALL Perry Building is one of the most historic, identifiable, and architecturally significant buildings in the area. it was designed by Isaac Perry in 1876.It is Located in the center of downtown Binghamton. this was a first for Binghamton and in fact was never to be repeated in the area.The Perry Building was a home to McLean's Department Store for many years.and later it was shut down.

HISTORYPLANNING

Factors

Availability of MarketSuitability of SpaceLocal Policies on Renovation

availabilty of market: since there are not many botiques and local stores in binghamton downtown this would open up a whole new market. and give us the first movers advantage. first movers advantage is when... downtowon is closer to the student community and also working class. target audience are located around the area this will be an ideal place.

suitability of space:considering it was a departmental store the structure of the building is built in a way that it can be used as a mall for small stores.

Priorities before getting started

Thoroughly inspect the buildings interior and exterior, including roof and basement 2. Prepare a budget. 3. Hire an architect 4. Consider Financial Incentives (local, state, federal): Tax Credits and Grants

Removal of inappropriate materials

Repair structural problems

Weatherproofing

BUDGETINGCostFlooring$70,000Lighting$100,000Painting$15,000Furniture$200,000Marketing$150,000- Local ads, radio, Air Conditioning$50,000$585,000QUESTIONS?