Follow this tag to curate your own personalized Activity Stream and email alerts.
Carlo Ratti and Harvard's Economics department chair Edward Glaeser recently detailed their vision of New York as a “Playground City” in an interactive opinion feature for the New York Times. The six-point plan calls for a number of radical solutions — including the widespread (but not... View full entry
A new report published by the Brookings Institution is offering potential solutions for developers, architects, and urban planners engaged in office-to-residential conversions in the hopes of remedying the spate of downtown declines that are beginning to plague cities across the country... View full entry
A new report from Moody’s Analytics is further dampening CRE prospects for the near future after declaring all office structures built before 1980 to be “obsolete” in terms of their abilities to lure back tenants in the face of an ongoing national downtown decline. Speaking... View full entry
Mayor Eric Adams opened a new window into his vision for building New York City out of the current housing crisis, with a riff on “dormitory” style accommodations [...]
During a conversation on Monday at the Greene Space, New York Public Radio's live events venue, Adams said he wants to 'do a real examination' of the laws that require windows in bedrooms — a major tweak that could make it easier for developers to convert empty offices into apartments.
— Gothamist
The Mayor’s comments in favor of window features found in Dormzilla-like residential design caught the ire of critics, who were quick to illustrate its potential fire hazards and physiological impacts. Adams’ suggestion seems a bit at odds with the city’s push to deliver better... View full entry
That simple recipe for pandemic lemonade—offices people no longer use, combining with central urban locations where people want to live—is blissfully ignorant of a wide range of architectural and economic factors that make the vast majority of office buildings simply unsuitable as housing. — Fast Company
Labeled by Fast Company as “Goldilocks” zones, the sweet spot for office buildings with the potential to become residential are ones that are mid-rise, built pre-WWII, with at least two sides facing open areas or streets near, but not within, a city’s financial core. According to San... View full entry
New York City Mayor Eric Adams has unveiled an ambitious plan to help convert the city’s unused office spaces into apartment dwellings in an effort to bring online 40,000 new units of housing in the next decade. The plan, which includes a new study and 11 “concrete recommendations” made by... View full entry
Now the algorithm he spearheaded collapses the survey process — which must be conducted to determine whether a commercial building can be turned into apartments — from months to hours. His work will help these conversions to be enacted on a mass scale. which is important given the urgency created by America's rising office-vacancy rates due to the pandemic's reshuffling of where and how we work. It could help bring people back to downtowns across North America as renters or homeowners — Business Insider
Gensler estimates that only 3 out of 10 office buildings are eligible for conversion. The pitfalls of mass-scale conversions remain impediments even as architecture firms are earning more from renovations than new buildings for the first time. In the last two years alone, office conversions have... View full entry
In the last two years, apartment conversions jumped by 25% compared to two years prior. More precisely, this increasingly popular real estate niche brought a total of 28,000 new rentals in 2020-2021, well above the pre-pandemic years of 2018-2019 when 22,300 apartments were brought to life through adaptive reuse. — RentCafe.com
The new data set from real estate researchers Yardi Matrix gives some additional context to the information in yesterday’s 2022 AIA Firm Survey, which said that almost half (48%) of all projects currently being pursued by U.S. firms involve the renovation, rehabilitation, extension, or... View full entry
A long-closed Los Angeles County courthouse in Sawtelle that was once a popular draw for skateboarders may soon be redeveloped for affordable housing. The County Board of Supervisors voted to buy the former West Los Angeles Courthouse at 1633 Purdue Avenue for a mixed-use, affordable housing development, City News Service reported via KFI AM 640. — The Real Deal
As detailed by The Real Deal, a motion to buy the courthouse, which has been vacant since June 2013, was proposed, asking Los Angeles County to source funds to acquire the space from the Judicial Council. The County has reportedly, so far, paid more than $3.5 million to the Council to incentivize... View full entry
Through the doldrums of America’s pandemic-triggered office downturn, the nation’s capital is quickly turning into a case study for the conversion of former commercial spaces into residential housing and mixed-use development. The Washingtonian magazine recently did a survey of different... View full entry
New York City Mayor Eric Adams has announced a new adaptive reuse task force that will explore the vast untapped potential for rehabilitation present in the city’s considerable stock of outdated office buildings. Born out of the new Local Law 43, the task force is charged with producing... View full entry
