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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 ...
Washington, D.C., announced a $2.5 million, 20-year tax abatement program for owners who added at least 10 housing units, and California set aside $400 million in incentives for office-to-resi ...
Nearly 70 million square feet of office space, making up around 1.7% of the total U.S. supply, has been undergoing conversion projects to create residential-use spaces, or spaces for other uses.
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.
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
And he was saying yesterday, we've reached our 1,000th building that we have studied for office to residential conversion. That's how significant this is happening in our cities across the US ...
6th Tallest building in Charlotte and the tallest residential high rise in North Carolina [18] 8 PNC Plaza: 538 / 164 [19] 32 2008 Raleigh: Previously known as RBC Plaza; was the U.S. headquarters of RBC Bank With 276,000 square feet (25,600 m 2) of leasable space it is the thirteenth largest office building in the triangle area. [20] 9 One ...