Capitalizing on College Spaces and Places

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Facilities (Campus Spaces)

Capitalizing on College Spaces and Places By Jane Smith

July 1st, 2017

For universities and colleges today, responsible asset management means maximizing asset value. Starting with the basics — a programming report plus individual facility analyses and space-planning studies — can be essential and surprisingly valuable tools. For example, a major public agency recently enlisted a team led by a real estate consultant, with architect and interior designer Spacesmith, to conduct a comprehensive space inventory. The results netted more than $30 million in total savings, showing the real ROI of strategic facilities planning.

PHOTO © SVA IMAGERY BY ALEXANDER SEVERIN

In fact, this approach plays an increasing role on many college campuses. Like a management consultant or a financial auditor, the strategic planning team critically evaluates facilities and real estate in relation to campus processes and physical space. The results are often eye-opening beyond the bottom-line savings — for example, one study showed how infrequently faculty offices are used, and another showed a very high ratio of back-office space to total facility area at many colleges. The results also set the stage for amazing, popular campus destinations in unexpected places, as in a boiler-roomturned-classrooms at the University of Hartford, or the unassuming loading dock at the School of Visual Arts that now looks like a fine-arts gallery.

Evaluating Existing Resources For most universities, consolidation and cost savings are rarely the main aim of strategic planning. Instead, the goal is to capitalize best on available resources for current and future needs. It sounds simple, yes — but the devil is in the details. That’s why many colleges start strategic planning


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