#office-to-residential-conversion
#office-to-residential-conversion
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#housing-shortage #real-estate-development #housing-affordability #adaptive-reuse #affordable-housing
NYC real estate
fromSpectrumlocalnews
2 days agoNew bill proposes vacant buildings be converted into apartments
New York state legislation proposes a 10% tax credit to convert vacant office buildings into residential housing, addressing high downtown vacancy rates and housing shortages in upstate cities.
NYC real estate
fromNew York Post
5 days agoManhattan office tower values plummet below COVID-era slump amid fears AI will wreak a white-collar bloodbath
Manhattan office tower valuations have fallen below pandemic lows due to AI concerns potentially reducing white-collar employment and office space demand.
NYC real estate
fromwww.housingwire.com
1 week agoNew York's housing crisis won't be solved by one mega-project
New York City's housing affordability requires gradual, multi-faceted approaches beyond single large projects, with zoning reforms and office conversions offering more practical solutions than the ambitious Sunnyside Yard development.
Real estate
fromInquirer.com
2 weeks agoA suburban office park in Chester County is getting converted to apartments. Is it a sign of things to come?
Suburban office-to-residential conversions remain limited due to unfavorable building layouts, remote locations, and restrictive zoning regulations that prioritize office development over housing.
fromHoodline
3 weeks agoFidi Fossil To Flip Into 382 Apartments At 40 Exchange Place
Plans are underway to convert 40 Exchange Place, a 20-story office building at the corner of Exchange Place and William Street in the Financial District, into 382 rental apartments. The development will include a mix of market-rate and affordable units, along with ground-floor retail space and amenities for residents. According to a Newmark press release, Derby Lane has provided $191.5 million in construction financing, arranged by Newmark, to support GFP Real Estate's office-to-residential conversion at 40 Exchange Place.
Real estate
fromThe Mercury News
2 months agoSan Jose housing tower with 700-plus units lands final city approval
The towers would produce 768 residential units at 35 South Second St. in downtown San Jose, according to the just-approved proposal that was submitted by global mega-developer Westbank, which has proposed several projects in the city's urban core. City planning administrators approved the residential proposal this week. One tower would be 28 stories and the other would be 27 stories, according to the proposal. The housing would rise on South Second Street between East Santa Clara Street and East San Fernando Street.
Real estate
New York City
fromBusiness Insider
4 months agoSee inside JPMorgan offices that were transformed into apartments with luxury amenities
New York City is converting large amounts of office space into residential units using state tax incentives, producing thousands of new apartments including affordable units.
Real estate
fromBusiness Insider
6 months agoCo-living spaces are more than just 'adult dorms.' They could be a solution to the housing crisis.
Co-living provides affordable, convenient housing with vetted roommates, furnished private rooms, shared amenities and services, and can leverage office-to-residential conversions to expand affordable housing.
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