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Real estate transactions in Summit County totaled $98 million across 82 sales that took place from Aug. 22-31. 0253 Pelican Circle, Building 16, Unit 1606 Owner: Eric T. Holden Date: Aug. 23, 2021 Price: $655,000.
As Buildingsâ Life Spans Shrink, Developers Try to Adjust
Industry experts are starting to take heed as disruptions from the pandemic and changing technological needs are hastening the demise of commercial real estate developments.
A century ago, buildings like the Coca-Cola Bottling Plant in Indianapolis could have many uses over their existence. Today, buildings have shorter lives.Credit.Stacy Able for The New York Times
By Kevin Williams
Feb. 23, 2021
In 1931, glass bottles of sparkling soda began rolling off the assembly line at the Coca-Cola bottling plant in downtown Indianapolis. Itâs unlikely that the factoryâs architect gave much thought to the possibility that shifting consumer habits would make the glass bottle a relic within a couple of generations.