"Nord Ratree's proposal comes as California's recent housing laws converge with those in other states to make it easier to build new homes near major transit stops and streamline urban office-to-residential conversions. Converting underused and obsolete buildings, particularly offices, has steadily gained steam over the past several years. Adaptive reuse roared to a record year in 2024, turning nearly 25,000 aging buildings into new apartments and supercharging a fastgrowing pipeline of future projects, a RentCafe data analysis finds."
"In October, California Gov. Gavin Newsom signed the Abundant & Affordable Homes Near Transit Act into law. It establishes statewide zoning standards that permit mid-rise housing within a half mile of major transit and links those projects to streamlined approvals if they meet affordability and labor requirements. Housing near transit means shorter commutes, lower costs, and more time with family, Newsom said in a statement as he signed the measures into law."
A seven-story, circa 1980s office building at 2001 Center St. in downtown Berkeley is proposed for conversion into 58 apartments and a rooftop garden. Developer Nord Ratree applied for the project, targeting a site steps from BART, reducing parking requirements, and reserving units for very lowincome households. California enacted the Abundant & Affordable Homes Near Transit Act to permit mid-rise housing near major transit and to streamline approvals when affordability and labor standards are met. The Office-to-Housing Conversion Act treats adaptive reuse of offices and commercial buildings as a key housing tool. Adaptive reuse reached a record year in 2024, converting nearly 25,000 aging buildings into apartments and accelerating a large pipeline of future conversions.
Read at www.housingwire.com
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