Multifamily Renovation in Beaver Creek | Mike Drop Ep. 1
In the first episode of Mike Drop, EVstudio’s new video series, Multifamily Studio director Mike Nickel steps outside in beautiful Avon, Colorado, to share a few words of wisdom. His topic is multifamily renovation and how it became a core part of how our Multifamily Studio works.
Have a question about multifamily renovation or an aging property of your own? Reach out to Mike directly.
When New Multifamily Construction Slowed Down
Most people picture ground-up new construction when they think about multifamily architecture. However, a few years ago, market forces caused a real slowdown in new multifamily starts.
Across the industry, the rallying cry was “survive ‘til ‘25.” Then it became “survive through ‘25.”
Looking at the Problem From a Different Angle
EVstudio didn’t respond by hunkering down and waiting a few years. Instead, the team approached the problem from a different angle.
Colorado has a large inventory of aging multifamily buildings, and every one of them has owners and operators. So the team asked a new question: what can multifamily architecture do for existing buildings and the people who run them?
A Multifamily Renovation in Beaver Creek
Just up the hill from Avon, in Beaver Creek, the answer looks like this: 16 townhomes in three buildings, with a full exterior renovation. The goal was to make an aging property feel new again.
Partnerships Along the Front Range and I-70
Projects like this one start with relationships. For example, Mike’s team has been building partnerships with HOAs and owners’ representatives up and down the Front Range and along the I-70 corridor.
As Mike puts it, multifamily isn’t just what you build. It’s what you take care of.
That’s the Mike Drop
When the market changed, multifamily architecture adapted to meet the demand. As a result, multifamily renovation now sits alongside new construction in our Multifamily Studio’s work.
Do you own or manage an aging multifamily property? Contact EVstudio’s Multifamily Studio to talk about what a renovation could do for it.
