Green Review’s Post

Couple of examples of successful office to residential conversions in this article. This continues to gain momentum as an alternative use to redundant buildings. #officeconversion #renovation #construction https://lnkd.in/eBbuBzg2

In 2023, hotel-to-apartment conversion projects outpaced office-to-residential conversions in the U.S., with more than 4,500 units delivered. This marked a 17.6 percent increase from the previous year. Hotel-to-residential projects are seen as faster and more cost-effective than office building conversions due to existing infrastructure that is easier to modify. The top markets for hotel-to-residential conversions might surprise you. While Manhatten took the top spot, Albuquerque, NM came in second, and Sterling Heights, Mich. (a Detroit suburb), ranked sixth in the nation for such projects. Read more through the link: https://ow.ly/nNR450RRCYi #realestate #conversionprojects #apartmentliving

Developers willing to tackle Edinburgh’s dearth of prime office space in 2025 will be best placed to capitalise on an impending surge in demand, according to property services firm JLL.

Good article to remind us all that post-pandemic there is yet another solution to the housing crisis. Although it's doubtful these conversions will address the issue of affordable housing, it is nonetheless a step in the right direction. #construction #building #housing

Green refurbishment is reshaping commercial real estate. Here is Growthpoints plan for an eco-upgrade for Ninety One's Cape Town HQ. Key features: • On-site solar plant • Energy-efficient air conditioning • High-performance glazing • Stairs replacing power-hungry escalators This isn't just about looks. It's about future-proofing buildings. We're seeing tenants prioritize sustainability more than ever. #SustainableBuildings #PropertyDevelopment #Dulux

‘Give us used lights for our new office’, says JLL Top property manager JLL is on the hunt for for high-quality used materials including luminaires which could be used in its new headquarters at One Broadgate in London. Fit-out firm Overbury put out a plea for the pre-loved items on social media because it says a key objective of the work is the reduction of embodied carbon.  ‘Together with JLL, we're tackling this head on by sourcing existing high-quality materials from commercial grade offices and construction sites,’ says Overbury ‘Applying ambitious circular procurement strategies to minimise embodied carbon and give valuable resources a second life.’ It says that cross sector collaboration between original equipment manufacturers, contractors and subcontractors, occupiers, developers and landlords is key to making the circular economy a reality. The team is evaluating all types of materials including electrical items, structural elements, architectural finishes and mechanical elements. JLL signed an agreement for lease for 134,000 square feet at Broadgate, EC2, British Land’s 32-acre campus adjacent to Liverpool Street Station.   1 Broadgate will become JLL’s flagship UK office and this commitment is part of the reimagination of its workplace strategy. • Read more: Link in the comments • The Circular Lighting Report is powered by Recolight

Brookfield Properties and ARCI announced Friday that #Calgary's Suncor Energy Centre #office complex is set to undergo $90 million in renovations and upgrades, including a performing arts centre and a food hall, to reposition the two #towers into a mixed-use destination. – via Real Estate News Exchange (RENX)

Office conversion projects are set to double in 2024! CBRE's latest report reveals a significant surge in office-to-multifamily conversions. With nearly 70 million sq. ft. of office space undergoing transformation and hundreds more projects in the pipeline, urban centers are evolving into vibrant, commercially diverse districts. While conversion costs and high interest rates pose challenges, initiatives such as government subsidies and eased zoning regulations are accelerating these projects. Learn more about this growing trend shaping real estate landscapes! #oregonrealestate #portlandrealestate #oregon #oregonrealtor #portlandrealtor #portlandoregon #pnw #commercialrealestateagent #portland #commercialrealestateagent #pdxrealestate #pdx #pdxrealtor #CRE #pnwcommercialrealestate #officespace #warehouse #realestateinvesting #industrialspace #flexspace #commercialproperty #business #land #portlandrealestateagent

LA's new Citywide Adaptive Reuse Ordinance extends office-to-residential conversions beyond DTLA and broadens eligibility to newer buildings. One thing it lacks? Incentives for partial office conversions. Many large office buildings with high vacancies could be utilized by partially converting their vacant floors into housing or hotels. The new eligibility criteria: 🏢 At least 15 years have elapsed since the building was completed. 🏢 Any parking structure or area within an existing building if at least five years have elapsed since the building was completed. 🏢 At least five years have elapsed since the building was completed, and the project is approved by a Zoning Administrator. What are your thoughts? Read a breakdown of the revised ordinance by visiting our blog: https://lnkd.in/gR9PWVhF

Nice article by the WBJ on the challenges of converting vacant office space to housing. It may seem like a straightforward process, but as the article highlights, it can be quite complex once you peel back the MEP onion. Check it out for some valuable insights into this issue. #WBJ #office #housing