Category: Commercial

Certificate of Occupancy: What is a CO?

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Certificates of occupancy (CO) determine whether a building is suitable for living or working. The primary purpose of a CO is to:

  1. Dictate a structure’s function. Functions of a structure can include residential, retail, commercial, or industrial properties.
  2. Determine if the structure is suitable for occupancy. Structure is suitable for occupancy so long as it complies with all standards and codes related to its function.
  3. Make sure a structure complies with building codes.

While requirements for COs may vary depending on location, they are typically needed in a number of different instances, which include:

  • New construction.
  • Property conversion – when the function of a building changes. The Residences at 66 High Street are an example, as the history industrial Mill Building was turned into residential units.
  • Change of ownership.
  • Major construction – Any construction that changes the occupancy of the property or alters the entrance or exit of the property.

Certificates of occupancy are ultimately awarded if the structure passes a number of inspections, which include plumbing, electrical, fire safety, and general building.

 

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What is a Build-to-Suit Property?

Are you looking for an office space or residence, but none seem just right? There is no need to compromise. Build-to-suit (BTS) developments offer extreme flexibility, as a given room or building can be shaped to meet the various wants and needs for you or your business.

Build-to-suit properties are most often commercial leases, but can also be found in residential developments. With BTS, the landlord or developer builds to a tenant’s specifications. During construction the tenant is allowed the freedom to dictate his or her future space, as long as changes do not interfere with the structural and mechanical systems. Buyers or tenants can make significant changes through the restructuring of walls, rooms, and closets. Decisions on aesthetics, including finishes, appliances, and color scheme, are also made during the BTS process.

At Horton Group, we aim to please by offering build-to-suit developments. If you’re looking for a commercial property that can be built to meet your company’s needs, check out 350 Goose Lane Office Park. Our luxury condominium units at The Residences at 66 High Street can also be altered to fit your family’s needs.

 

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