The debate between refurbishing versus demolishing and rebuilding ageing retail premises is complex and multifaceted. Both approaches have their merits, and the best solution often depends on the specific circumstances of the building and the goals of the business.
Refurbishing existing stores can be a cost-effective and environmentally sustainable option, preserving the historical and architectural significance of the building while still meeting the needs of modern customers and staff. It allows retailers to update the interior layout, improve energy efficiency, and incorporate new technologies without the environmental impact of demolition and construction.
On the other hand, demolishing and rebuilding can offer opportunities to create a more efficient and adaptable space that better aligns with the evolving demands of consumers and employees. It enables retailers to design a store from scratch, incorporating sustainable features and innovative design elements that may not be feasible with a refurbishment.
Ultimately, the best way for businesses to modernize ageing premises is to carefully consider all factors, including the building's condition, historical significance, environmental impact, and long-term goals. Collaboration with local communities, policymakers, and environmental experts can also help ensure that the chosen approach strikes the right balance between preservation, innovation, and sustainability. To raze or refurbish? #LinkedInNewsUK
To raze or refurbish?
This has been the question surrounding the long-running saga of Marks and Spencer’s Marble Arch flagship.
On the retailer’s side, the proposal to flatten and rebuild the site with a modernised shop, café, offices and a gym aims to create a space fit for today’s customers and staff, while also addressing Oxford Street’s declining footfall and assisting in its goals to become net zero by 2040.
Opponents of the plan argue for the sustainability of existing structures, emphasising that the most sustainable building is the one already in existence. They further highlight concerns about the potential negative impact on nearby heritage assets should the building be demolished.
Beyond this saga lies a broader question for the sector: how can businesses effectively navigate ageing premises that no longer align with modern business goals?
Where do you stand? Is it best to bulldoze and start afresh, or should we always strive to maximise the potential of existing premises?
Share your thoughts in the comments below.
Sources:
BBC News: https://lnkd.in/ezEBe_Fg
The Guardian:
https://lnkd.in/gEvC58nz
📷: Getty Images
✍️: Aaron Toumazou
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President @ Danika & Co | Marketing to the Architectural & Design community
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