New life for old space
Late-19th-century Liberty Village warehouse will be preserved and reinvented for modern use
Hullmark Developments’ 60 Atlantic, an adaptive reuse project downtown, in the heart of Liberty Village, will be building on a rich history of quality construction.
The project will transform a turnof-the-century warehouse into a commercial development that will create space for boutique offices and restaurants. Hullmark will be replacing 60 Atlantic’s mechanical systems, updating the electrical work and installing an elevator in the building, which dates back to 1898.
“The structure itself is built to last,” notes Jeff Hull, Hullmark’s president. “But we’re planning on owning this building for the long term, so we want to make sure we invest up front in the most efficient mechanical systems to lower our operating costs and ensure that the building will last another hundred years.”
Leona Savoie, Hullmark’s vicepresident, underscores the importance of top-notch construction work in commercial real estate. “It’s in our favour to use quality materials that will last,” she explains. “You don’t want to go in and replace, say, the flooring every five years, because that costs money and it’s also disruptive to tenants.”
Adds Hull, “Commercial tenants are making multi-million-dollar decisions for a period of 10-plus years. So, they want to partner with the highestquality landlords out there, and that takes the form of quality buildings, quality operations and quality property management and tenant relationships.”