Revitalizing Historic Hotels: Hunden Partners Assists Johnson City with Downtown Revitalization Efforts
The renovation of the century-old John Sevier Hotel building projects the iconic downtown spot’s transformation will take several years and require significant financial subsidy

Revitalizing Historic Hotels: Hunden Partners Assists Johnson City with Downtown Revitalization Efforts

At Hunden Partners, our market analysis, financial feasibility analysis, and economic impact studies provide valuable insight and direction for a variety of project types, including underutilized historic buildings. In Johnson City, Tennessee, the Johnson City Development Authority engaged Hunden to determine the highest and best use of the John Sevier building, the redevelopment of which will build upon the revitalization already taking place in downtown Johnson City and provide future economic benefits to the city.

Historic buildings, with their architectural character and connections to the history of a place, provide a great platform for communities to anchor and enhance the authenticity and vibrancy of downtown destinations. Yet, these structures often present complex challenges for cities to find market-responsive uses with financing strategies to facilitate redevelopment. Our data-driven understanding of the market, in conjunction with our financial and impact analysis, provides the foundation that allows Hunden to help communities deliver transformative projects that exist at the intersection of real estate development and economic development.

At Hunden Partners, we specialize in real estate consulting for transformative projects that improve the quality of a place and help clients move their projects from concept to reality. Connect with us to learn more about our work in Johnson City and throughout North America.

wjhl.com October 28, 2024 Read More…