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Between 2016 and 2021, only about 30 office-to-residential projects came online each year, according to a July 2023 Deloitte study. And as of the time of the study, there were only 217 such ...
Story at a glance From city halls to the White House, officials across the U.S. are pushing to turn commercial real estate into housing in an effort to solve two national problems: the rising need ...
More city office spaces are being converted for residential and other uses amid the sustained popularity of remote work.
Office/residential – multi-family residential units within office building(s) Shopping mall conversion – residential and/or office units added (adjacent) to an existing standalone shopping mall Retail district retrofit – retrofitting of a suburban retail area to a more village-like appearance and mix of uses
The residential tower began site work after the ground breaking ceremony. The Uptown Cabaret, which occupied the site of the office tower, closed on July 1, 2023 and the building was torn down shortly thereafter. [28] [29] Ultimately, commercial real estate markets conditions will govern when the office tower begins construction.
Regions 615 is a 19-Story Class-AA Office Building in Uptown Charlotte, North Carolina. [1] It stands at a height of around 260 feet (79 m) [ 1 ] with 370,000 square feet (34,000 m 2 ) of floor space.
Plus, only about 10% of office buildings are even suitable for office-to-residential conversion projects, according to Stijn Van Nieuwerburgh, a professor of real estate and finance at Columbia ...
Office/Residential [2] [7] Previously known as RBC Plaza; was the U.S. headquarters of RBC Bank. Tallest building in North Carolina outside of Charlotte. Tallest building built in Raleigh in the 2000s. With 276,000 square feet (25,600 m 2) of leasable space it is the thirteenth largest office building in the triangle area. [8] 2 Two Hannover Square