🏙️🔄 For the 1st time in 25 yrs, U.S. office supply is set to shrink. Policies from Biden, Hochul & Adams are driving office-to-housing conversions, incl. 5 Times Sq into 1,250 apts (313 affordable). Policy + market forces = urban revival.
🔗 t.ly/RSXnX
#HousingCrisis #OfficeConversions #NYCRealEstate

Nexen Tower: A Bold Opportunity & Challenge — Every Day Tourist Can Calgary successfully repurposing the 37-storey Nexen Tower into a vertical post-secondary campus? Perkins&Will's Calgary office thinks it can. Learn more.

University has agrees to lease bottom 7 floors of Nexen Tower to consolidate its downtown campus. Another positive for Calgary’s office conversions. everydaytourist.ca/city-plannin... #officeconversions #downtowncalgary #universityofcalgary.

I’ve read so much about how these programs are cost prohibitive. Glad that someone has figured out how to make this happen. #OfficeConversions #BuildMABuild #MaPoli

High in the Calgary Sky, Affordable Bedrooms Without Windows | The Tyee The city subsidized an ambitious office-to-residential conversion plan. But how dire are the drawbacks to livability?

Important considerations to take into account are the costs & shortcomings in converting office spaces to housing. It can even end up being cheaper & more livable for just purpose built rentals over conversions #housingcrisis #renting #officeconversions thetyee.ca/News/2024/01...