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Maren Reepmeyer, a Boston architect with SGA who specializes in adaptive re-use projects like office to residential conversions, said that buildings with larger floors are much harder to convert.
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 ...
The price of converting an office to an apartment runs at about $100 to $200 per square foot, according to a 2022 analysis from Moody’s Analytics, which noted that the cost is most likely higher ...
In a post-pandemic world marked by a significant shift toward hybrid and remote work, offices are becoming increasingly vacant. In fact, as much as 330 million square feet of U.S. office space ...
In 2023, renovations began to convert the building from commercial space into residential apartments. The project is expected to create 571 apartments and to finish in around 2025. The building was owned by the Rudin Management Company from 1964 to 2023; the building was taken over by Silverstein Properties and Metro Loft for the redevelopment ...
Formerly an office building, it was converted into residential use. It is located in the Civic Center neighborhood near the San Francisco City Hall on Van Ness Avenue . The building, completed in 1974, stands 400 feet (122 m) and has 29 floors of former office space that housed the California State Automobile Association (CSAA).
Office buildings by quality [3] [4] Trophy or 5-star building: A landmark property designed by a recognized architect Class A or 4-star building: Rents in the top 30-40% of the local market; well-located; above-average upkeep and management; usually older than a trophy/5-star building
And just think if we can just convert 20 to 30% of our office building stock to residential, we'll be able to solve many of these issues that are going on with the shortage of housing that's ...
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