I recently sold a rental property that’s about 100 years old and needs a lot of structural work. The new owners, rather than fix those issues, are putting an elaborate parking garage underneath. It doesn’t make sense because you’d think the building itself should be repaired first. Any thoughts as to why they would do it this way?
Maybe they’re using the new “parking structure” as a more sound foundation…? Some of the older foundations can’t withstand the additional weight added during renovations/additions – perhaps their architect/engineer said that the foundation needed work and they decided to ‘kill two birds with one stone’…?
Just a thought -
Keith