Renovation Servies
Even exceptional management can’t maximize value alone. There comes a point where every building needs to be updated. Without the ability to renovate, an owner’s options are limited. We analyze the property and recommend the type of improvements that will maximize the building’s potential in the most cost-effective manner. During the project we prepare the budget, contract the labor, select the finishes, and supervise the work. Since 1994, Cornerstone has completed the renovation of 24 buildings.
RENOVATIONS IN PROGRESS
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Property
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Units
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Scope of Work
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Logan Court Apartments 166 South Logan Street |
35 units | Exterior work: New paint Unit work: Add hardwood floors, add dishwashers, new baths & lighting, update kitchens |
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South Clarkson Apartments 8 South Clarkson Street |
17 units | Exterior work: New paint and landscaping Unit work: Add hardwood floors, update kitchens, baths, and lighting |
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The Flats at Franklin 1338 Franklin Street |
17 units | Exterior work: New paint and landscaping Unit work: Add hardwood floors, new baths, new dishwashers, update kitchens, new lighting & appliances |
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Kingston House 1300 Monroe Street |
43 units | Exterior work: New balconies, redesign of courtyard area, new finishes Unit work: Add hardwood floors & stain concrete floors, new kitchens & baths, new lighting |
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Beekman Place 1136 Pearl Street |
13 units | Exterior work: New exterior treatment, new common areas Unit work: Add hardwood floors, new kitchens, including stainless steel appliances, dishwashers, and granite countertops, new baths, and updated lighting |
COMPLETED RENOVATIONS
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The Amberton 777 Corona Street 13 Units Originally built in 1935, when purchased, almost all of the original elements, including lighting, cabinets and appliances were in place. Renovation of the Amberton emphasized the building's inherent charm while bringing all of the unit functions into the 21st century.
The apartment upgrades included new cabinets, lighting, the addition of crown molding and two-tone paint, tile backsplashes and tile flooring in the kitchens. The original hardwood floors were refinished. The bathrooms were updated with new lighting, vanities, pedestal sinks, bathtubs and shut-off valves and manifolds were replaced. Exterior improvements included new landscaping, lighting, concrete steps, a railing, and new sprinkler system. Inside, the hallway carpet and lighting was replaced. The laundry areas received new paint, flooring, and high-efficiency front loading laundry machines. |
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The Regina 1245 Josephine Street 12 Units Purchased from the estate of the original owner, the challenge at the Regina was peeling away the years of neglect. The work started on the exterior of the building; glass block was installed to replace the windows that dominated the front entrance. New awnings, exterior paint and landscaping transformed the curb appeal.
The apartments received updated hardware, capturing the "art deco" look of the building. New crown molding, two-tone paint, light fixtures and new hardwood floors enhanced the living areas. The bathrooms received a complete makeover including new tubs, toilets, tile, pedestal sinks, vanity cabinets, fixtures and mirrors. Kitchen replacements included new cabinets, tile flooring, lighting and the addition of dishwashers. Common areas were improved with new lighting, carpeting and two-paint and a workout room with new exercise equipment was added in the basement along with new, high-efficiency, front loading laundry machines. As a result of these efforts, in this all-2 bedroom bldg, we were able to drive the rents from $700 to $1,075. |