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Major Renovation of an Existing Building - To lease

We are dealing with this situation; Our future client wants to renovate (envelope modifications and HVAC renovationan) an existing building but he will not occupy the building; on the contrary he will rent/lease/sell the interior spaces. What rating system should we use? NC according the major renovation case? Or the Core and Shell according the lease situation? Thanks in advance

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Wed, 08/22/2012 - 20:07

Paola, by using the 60/40 rule, if more than 60% to be occupied by tenants, definitely CS system. But if it is 50/50, your choice whether NC or CS. If below the 40% mark, NC is obvious. And when in the end it is defined as CS, you can pre-certify the project too.

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