Renovation Services
Renovation adds real value by increasing income, reducing expenses and improving the tenant profile. With over 30 renovations completed, Cornerstone has the experience to guide you through each step of the process. We know which improvements generate the biggest bang for the buck, what mistakes to avoid, where to extract savings, and we can demonstrate the long term benefits of renovation.
As part of the renovation process, Cornerstone will:
Develop a customized plan
- Discuss options, determine the scope of work, establish a budget and set the timeframe for completion
- Prepare a financial model to analyze the returns on investment
- Evaluate the major building systems: boilers, roof, windows, electrical, plumbing, elevators
- Analyze the costs and benefits of adding amenities: Wi-Fi systems, bike racks, roof top decks, vending equipment and fitness centers
- Determine eligibility and apply for historical tax credits, water savings and energy rebates
- Assist in obtaining construction financing
Manage the construction
- Provide experienced Cornerstone employees dedicated to the renovation from start to finish
- Select the design elements, including exterior, unit, and common area treatments
- Utilize our buying power to drive savings and discounts from suppliers and vendors
- Increase work flow efficiency by maintaining an inventory of on-site supplies
- Minimize revenue loss by turning units quickly
- Manage the construction loan payments and coordinate lender inspections
- Provide accounting and reports on a unit-by-unit basis
Reposition the property
- Promote the renovation through Craigslist, Facebook, and the Cornerstone website
- Cross market with our other renovated properties to ensure a quick lease-up
- Provide on-going property management
- Secure permanent financing after stabilizing the income and expenses
Completed Renovations
Two Twenty Two
222 Logan Street
34 Units
Building work included a redesigned courtyard with a fire pit and concrete pavers, a rooftop deck, custom numbering, new landscaping, bike racks, and replacement of the building’s roof. Concrete stairs were replaced and extensive metal work was completed. The building’s front façade received new awnings and exterior lighting, and, inside the courtyard, unit doors received custom paint and hardware.
Unit work included the addition of hardwood floors, new kitchens with stainless steel Energy Star appliances (including dishwashers), as well as new baths with custom tile, lighting, and two-toned paint. Units also received electrical upgrades and new breaker panels.
The Vertice at Wash Park
911 South Washington Street
20 Units
Building work included new landscaping with a sprinkler system and improvements to the roof deck.
Unit work included the addition of hardwood floors and dishwashers, new kitchens with stainless steel Energy Star appliances and quartz countertops, as well as new baths (with low flow toilets and faucets), lighting, and custom two-toned paint.
Esplanade
900 & 910 Washington Street
26 Units
Building work included adding new landscaping with a sprinkler system, resurfacing the parking lot, and completing significant roof repairs. Hallway carpet was replaced and custom unit door hardware was installed. Entryways, hallways, and laundry rooms were updated with new paint and tile.
Unit work included the addition of hardwood floors, new lighting, two-toned paint, kitchens with quartz countertops and stainless steel Energy Star appliances. Bathrooms received custom tile, low flow toilets, and new faucets.
The Jack Kerouac
1240, 1250 & 1260 Sherman Street
84 Units
Building work included new paint, landscaping, a sprinkler system and custom signage. Hallways received new carpet, lighting, custom artwork and paint. Laundry rooms also received matching artwork and new high-efficiency machines. A new boiler system was installed. Additional common area space was converted into a business center, workout room, arcade with vending machines, and bike storage for resident use.
Unit work included refinishing hardwood floors, adding custom lighting, and updating kitchens and baths.
WestEnd
1042 Logan Street
12 Units
Building work included new windows, landscaping and a façade with custom numbering. Hallways received custom eco-friendly paint, new lighting, carpet, artwork and entryway tile. The roof was completely replaced, and laundry rooms were renovated with new tile.
Unit work included addition of new hardwood floors and custom bathroom tile. Eco-friendly upgrades and finished included lighting, paint, kitchen cabinets, countertops, and stainless steel Energy Star appliances (including dishwashers). Unique finishes include an accent wall painted in each bedroom and the addition of bamboo blinds and custom shelving.
Park Court Apartments
3030 East 17th Avenue
19 Units
Building work included new landscaping and exterior improvements – concrete work, repainted window frames, new lighting, a sprinkler system, and a swamp cooler system was installed. Inside the building, hallways received new custom paint, lights, and door hardware. The main banister and hardwood floors were refinished, and a carpet runner was installed.
Unit work included new kitchen cabinets, dishwashers, countertops, stainless steel Energy Star appliances, custom bathroom tile, lighting, paint, and updated finishes throughout the units. Original hardwood floors were also restored.
Eight South Clarkson
8 South Clarkson Street
17 Units
Building work included new paint, landscaping, a sprinkler system, custom lettering on the exterior, and renovation of the laundry room. A new entry system, gates, and exterior lighting were also added.
Unit work included the addition of hardwood floors, as well as new kitchens, bathrooms with custom tile, updated lighting, and two-toned paint. Appliances were replaced with Energy Star models and dishwashers were installed.
Lincoln Center Apartments
601 & 621 South Lincoln Street
50 Units
Building work included new paint, landscaping, a sprinkler system and a resurfaced parking lot. Repairs to the roof were also completed.
Unit work included updating units with custom lighting and new kitchen countertops, as well as refinishing or retiling baths and adding hardwood floors to select units.
Beekman Place
1136 Pearl Street
13 Units
Building work included new common areas, including a custom tile design in the entryway and new carpet in the hallways. High-efficiency laundry machines were purchased for resident use. Extensive roof repairs were also completed.
Unit work included the addition of hardwood floors, custom shelving units, and new light fixtures. Kitchens received new cabinets, stainless steel Energy Star appliances, slab granite countertops and dishwashers were installed. Other updates included custom two-toned paint and bathroom tile.
TenTen
1010 Clarkson Street
17 Units
Building work included adding a new steel façade and lettering, new landscaping, and a sprinkler system. Exterior railings, doors and trim were repainted, and new entry gates were added. Other exterior improvements included parking lot resurfacing, adding custom lighting and bike racks, and completing extensive roof and boiler repairs. New stairs were installed as needed, along with extensive rust repair and installation of channeling underneath walkways.
Unit work included the addition of hardwood floors, new kitchens with stainless steel Energy Star appliances (with dishwashers), bathrooms with custom tile, lighting, and custom two-toned paint.
Franklin Flats
1338 Franklin Street
17 Units
Building work consisted of an extensive exterior update, including new paint, lighting, landscaping, and a new sprinkler system, as well as installing a controlled-entry gate. The laundry room was renovated, and major boiler and roof repairs were completed.
Unit work included the addition of hardwood floors, updates to the kitchen (including dishwashers), new baths, lighting and Energy Star appliances.
Logan Court
166 South Logan Street
35 Units
Building work included courtyard landscaping, exterior lighting, and an updated paint scheme. Roof repairs were also completed.
Unit work included the addition of hardwood floors, as well as new lighting, new hardware, updated bathrooms with custom tile work, new Energy Star kitchen appliances, and custom countertops.
Kingston House
1300 Monroe Street
43 Units
Building work included new finishes, windows and sliding balcony doors, as well as a redesign of the courtyard area. High-efficiency laundry machines were also purchased.
Unit work included new lighting, custom two-toned paint, custom bathroom tile, and stained concrete or hardwood floors. Kitchen renovations included custom eco-friendly cabinetry and countertops (including granite in select units), and stainless steel Energy Star appliances.
Toscana Apartments
40 Ogden Street
38 Units
Building work included new landscaping with a sprinkler system, paint, and the parking lot was resurfaced and restriped. Hallways received new carpet, artwork, lighting, and custom paint.
Unit work included updates in the kitchens and baths as well as new lighting, paint, and custom tile. Hardwood floors and crown molding were also added to select units.
Grant Place
321 East 18th Avenue
40 Units
Building work included new awnings and paint. The laundry room was updated, and high-efficiency machines were added. Common areas received custom paint and lighting, and tile was added to the entryways.
Unit work included hardwood floors in select units, as well as kitchen and lighting updates.
The Regina
1245 Josephine Street
12 Units
Building work included a new glass block façade, paint, landscaping with a sprinkler system, awnings, and a replacement of the boiler system. Laundry rooms received high-efficiency washers and dryers.
Unit work included the addition of hardwood floors, dishwashers, and crown molding, as well as new kitchens, baths, and lighting.
The Ashton
901 & 905 Ogden Street
23 Units
Building work included a new boiler system, landscaping and paint on the metal window awnings. Common area work included updated laundry rooms with high-efficiency machines, new hallway paint and lighting, and custom door hardware. The building’s boiler system was replaced, and a swamp cooler was added.
Unit work included kitchen and bath updates, as well as new lighting, two-toned paint, and crown molding. Original hardwood floors were refinished.
The Amberton
777 Corona Street
13 Units
Building work included new landscaping, lighting, concrete steps, railings, and a new sprinkler system. The building’s façade was also updated with a new paint scheme and awning. Common areas were painted, new lighting was added to the hallways, and new high-efficiency laundry machines were added to the renovated laundry room. The building’s boiler system was also replaced.
Unit work included kitchen and bath updates, custom tile work, new lighting, crown molding, two-toned paint, and refinished hardwood floors.