#office-to-residential-conversion

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#real-estate-development #philadelphia-office-market #tax-incentives #new-york-city #real-estate
New York City
fromBusiness Insider
3 days ago

See 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.
fromwww.theguardian.com
1 week ago

The dream of turning empty office blocks into apartments appears over. What went wrong?

Two years ago, state and local governments pushed to fast-track conversions of near-empty offices into much-needed apartments to alleviate a housing crunch. The promised panacea never eventuated. Momentum to create homes out of empty offices has faded even as office vacancies rise and housing shortages intensify. Developers have not submitted a single application to turn an office into housing in central Melbourne since 2023. Just one successful application has been made in the CBD of Sydney, the country's most unaffordable city.
Real estate
New York City
fromtherealdeal.com
1 week ago

The Daily Dirt: Midtown South snags its first proposed conversion

Developers bought 29 West 35th Street for $25 million to convert the office into over 100 studio apartments following Midtown South rezoning.
#philadelphia-office-market
frompennlive
3 weeks ago
Real estate

Many of Philly's office buildings are plummeting in value, and it's costing the city millions

fromInquirer.com
3 weeks ago
Real estate

Many of Philadelphia's office buildings are plummeting in value - and it's costing the city millions

frompennlive
3 weeks ago
Real estate

Many of Philly's office buildings are plummeting in value, and it's costing the city millions

fromInquirer.com
3 weeks ago
Real estate

Many of Philadelphia's office buildings are plummeting in value - and it's costing the city millions

more#philadelphia-office-market
fromBoston.com
1 month ago

Tenants move into first downtown apartment in Wu's office-residential conversion program

Having that tax incentive is what made this project possible,
Boston
Real estate
fromBusiness Insider
1 month ago

Co-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.
NYC real estate
fromForbes
3 months ago

NYC Development Rebounds; Is It Enough To Solve The Housing Crisis?

New York City's development market saw a significant rebound in 2024, marked by rising transactions and new policies supporting housing conversions.
Renovation
fromtherealdeal.com
4 months ago

Keystone plans 212-unit office-to-resi conversion near Dadeland Mall

Keystone is converting office buildings into apartments in Kendall, a rare trend in South Florida.
San Francisco
fromMission Local
4 months ago

What will it take to convert downtown San Francisco offices into housing?

San Francisco struggles with high office vacancy rates post-COVID, prompting efforts to convert office spaces into housing.
NYC real estate
fromtherealdeal.com
6 months ago

The Daily Dirt: 5 Times Square could transform into 1,000-plus apartments

Plans to convert a 38-story office building into 1,250 housing units, with 25% designated as affordable, are underway.
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