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Gensler Principal and Studio Director Steven Paynter sat down recently with financial news service Marketplace.org to detail his firm’s year-old proprietary office conversion metric, a unique tool that has become indispensable as the industry looks to position itself for the mass-scale... View full entry
UNStudio has just unveiled a completed redesign of a former bank headquarters building called Fellenoord 15 in the Dutch city of Eindhoven. The project transformed the former Rabobank HQ into a 32,000-square-meter (344,440-square-foot) governmental facility equipped with the latest building... View full entry
Silverstein Properties has just completed its overhaul of the Pei Cobb Freed & Partners-designed U.S. Bank Tower in Downtown Los Angeles. The two-year, $60 million project issued major upgrades across 35,000 square feet of the building while installing a new entrance lobby and... 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
MVRDV has offered an insight into their recently-completed interior redesign for Shopify in Berlin. The 1,000-square-meter (10,700-square-foot) renovation began before the COVID-19 pandemic but was heavily altered mid-construction to respond to post-pandemic work trends. Photograph © Daria... View full entry
Architecture firms are billing more from reconstruction and renovation projects than they are from new builds for the first time; a milestone driven by soaring demand for office renovations. In the 20 years that the AIA has been collecting data on billings for renovations versus new build... View full entry
Dutch architects UNStudio have recently completed the top-to-bottom renovation and re-skinning of an existing office tower in Seoul for corporation company Hanwha. The eye-catching project is notable due to the fact that the extensive renovation and re-cladding were executed while... View full entry
