Local Initiatives Support Corporation (LISC)’s Post

New York's iconic Flatiron Building is set for a major transformation! 🏙️ Jeffrey Gural's recent purchase of this historic landmark has sparked an exciting development plan. The vision? Converting this former office space into much-needed residential apartments. As a real estate professional, I'm thrilled to see this adaptive reuse project taking shape. It's a perfect example of how we can breathe new life into our beloved architectural treasures while addressing the city's pressing housing needs. Here's what we know so far: 1. Plans have been submitted to the NYC Department of City Planning 2. The conversion aims to meet the growing demand for housing 3. It's a response to the decreasing demand for office space in the city This project raises some interesting questions: - How will this conversion impact the neighborhood? - What challenges might arise in transforming such a unique building? - Could this set a precedent for other iconic buildings in NYC? What are your thoughts on this development? Are you excited to see the Flatiron's next chapter unfold? Let's discuss! Share your opinions or experiences with similar conversion projects. #NYCRealEstate #AdaptiveReuse #FlatironBuilding #UrbanDevelopment #HousingMarket #TheAceTeam #RealBrokerLLC

Detroit’s downtown is experiencing a wave of transformation as developers convert underutilized commercial spaces into vibrant residential units. This movement, driven by the demand for housing and excess office space post-pandemic, leverages the city’s unique landscape of historic buildings, setting Detroit apart from other U.S. cities.    These adaptive reuse projects highlight Detroit’s commitment to preserving its architectural heritage while meeting modern housing needs. As these projects come to life, Detroit’s downtown is poised to become a vibrant, mixed-use district where history and modernity coexist in harmony.    Read more:  https://lnkd.in/gN-NpVZH    #MarketRent #CRE #RealEstate #Detroit #AdaptiveReuse #UrbanRevitalization #SustainableDevelopment 

Exciting Update: Uptown Dallas is on the brink of a major transformation! Here's what we know: Prime Location: Lincoln Property Company has acquired a pivotal 4-acre site for a groundbreaking mixed-use project, set to redefine Uptown Dallas's landscape. Dynamic Mix: Expect a vibrant fusion of residential, commercial, and recreational spaces, creating a dynamic urban hub for all. Lincoln Property Lead: With Lincoln Property Company at the helm, anticipate unparalleled expertise and innovative design shaping every aspect of this development. Economic Momentum: Beyond bricks and mortar, this project promises to invigorate the local economy, generating new opportunities and vitality. Future Outlook: This initiative reflects Uptown Dallas's ongoing evolution, solidifying its status as a premier urban destination. We'll keep you posted as more information becomes available! #UptownDallas #MixedUseDevelopment #LincolnProperty #UrbanRevitalization #DallasRealEstate #TexasRealEstate #AnthonyCedanoRealEstate

New York's iconic Flatiron Building is set for a remarkable transformation! 🏙️ As a real estate professional, I'm excited to share the latest developments in this historic conversion project. Jeffrey Gural's vision to repurpose this architectural gem into residential spaces is taking shape, addressing two crucial urban trends: 1. The growing demand for housing in NYC 2. The declining need for traditional office spaces Here's what we know so far: • Plans have been officially submitted to the NYC Department of City Planning • The conversion aims to create much-needed apartments in the heart of Manhattan • This adaptive reuse project could set a precedent for other iconic buildings in the city This move reflects a broader shift in urban living and working patterns. As a real estate expert, I see immense potential in reimagining our cityscapes to meet evolving needs. What are your thoughts on this transformation? • Do you think more historic buildings should be converted for residential use? • How might this impact the neighborhood and property values? • What challenges do you foresee in such a conversion project? Let's discuss the future of urban living and how we can creatively address housing shortages while preserving our architectural heritage. #NYCRealEstate #AdaptiveReuse #UrbanLiving #FlatironBuilding #TheAceTeam #RealBrokerLLC

The iconic Flatiron Building in NYC is getting a new lease on life! 🏙️ Jeffrey Gural's recent purchase of this historic landmark is set to transform it from office space to much-needed residential apartments. This move reflects the evolving landscape of urban living and working in the Big Apple. Here's what we know so far: 1. Plans have been submitted to the NYC Department of City Planning 2. The conversion aims to address the city's housing shortage 3. It's a response to the decreasing demand for office space As a real estate professional, I'm excited about this development. It's a prime example of adaptive reuse that could set a precedent for other historic buildings in the city. What do you think about this transformation? • Will it help alleviate NYC's housing crunch? • How might it impact the neighborhood? • Could this inspire similar conversions across the city? Let's discuss the potential ripple effects of this bold move. After all, change is the only constant in New York real estate! #NYCRealEstate #AdaptiveReuse #UrbanDevelopment #FlatironBuilding #TheAceTeam #RealBrokerLLC

"Commercial to Residential is not a new idea, but in this case, it’s interesting." In the heart of Providence, Rhode Island, the Arcade Building is a testament to innovative urban redevelopment. Once America's oldest shopping mall, it faced years of decline until a visionary transformation into a mixed-use marvel, blending retail with residential life. ⛔ The Challenge: Reviving a historic landmark into a vibrant community space. ✅ The Solution: Converting the upper floors into 48 micro-apartments while preserving the ground floor for retail, marrying convenience with charm in downtown Providence. This project highlights the incredible potential of commercial-to-residential conversions to preserve our architectural heritage and address today's urban housing needs. It's a shining example of how we can breathe new life into underused spaces, making our cities more livable and affordable.

Why Cherry Creek West developers aim to create a ‘15-minute city’ The development will also have about 12% affordable housing targeted at those making 60% of the area’s median income. The company spearheading a redevelopment project exceeding $1 billion in Denver's Cherry Creek commercial district has unveiled updated renderings and new details, highlighting the planned walkability and outdoor spaces of the area. East West Partners is navigating Denver's planning and permitting process to transform a nearly 13-acre property located at East 1st Avenue and University Boulevard. This site, currently occupied by steakhouse Elway’s, a running store, and a large parking lot, will be redeveloped into Cherry Creek West, a project first announced in the fall of 2021. Open spaces will take up about 41% of the buildable area, with the remaining land going toward seven new residential and office buildings, according to East West Partners, which had not previously detailed the amount of open space in the project. #denverrealtor #coloradorealtor #Cherrycreek #Cherrycreekrealtor

As someone who is deeply invested in the future of our urban environments, check out our urban manifesto outlining some thoughtful approaches to revitalizing downtown LA. It’s not just about transforming physical spaces but finding ways to breathe life into our communities by addressing some of the major issues that affect our urban centers—accessibility, sustainability, and public engagement. These ideas—like cable cars, green rooftop spaces, and public cultural hubs—show what’s possible when we rethink how to use our cities' spaces for both functionality and connection. There’s a lot of value at stake here, not just economically, but in terms of community well-being and creating environments where people want to live, work, and gather. The challenges of urban revitalization are immense, but so are the opportunities. I hope we can continue to explore innovative, practical ways to tackle these problems and shape a better future for all of our city centers.

✨ From Blight to Bright: Success Stories of Birmingham Property Transformations ✨ Over the past decade, Birmingham has witnessed a remarkable metamorphosis — transforming dilapidated spaces into thriving hubs of activity and economic growth. These success stories are not just about buildings; they are narratives of community revitalization, economic opportunities, and the relentless dedication of professionals across various fields. 🔹 **Reviving Historical Landmarks:** The preservation and repurposing of historical buildings have breathed new life into our cityscape. Projects like the restoration of the iconic Grand Hotel have struck a balance between honoring heritage and integrating modern amenities. 🔹 **Turning Vacant Spaces into Vibrant Communities:** Abandoned properties have been skillfully converted into commercial and residential spaces, igniting economic revitalization. The Custard Factory in Digbeth is a stellar example — once an old factory, it is now a thriving creative business hub. 🔹 **Innovative Urban Design:** Thoughtful urban planning and design have played critical roles in these transformations. The investments in high-quality public spaces and sustainable developments, such as Eastside City Park, have not only improved aesthetic appeal but also enhanced the quality of urban life. 🔹 **Economic Boost through Mixed-Use Developments:** Mixed-use properties, like the Mailbox, are at the forefront of this urban renaissance. Combining retail, residential, and office spaces, they have created dynamic environments that attract both businesses and residents, fostering a sense of community. 🔹 **Community-Centric Approaches:** Central to all these success stories are local communities. Engaging residents in the planning and development process has ensured that transformations meet real needs and create inclusive spaces for all. These revitalization efforts are a testament to the power of vision, collaboration, and strategic execution. They serve as an inspiration and a model for other cities facing similar challenges. 🏙️ For professionals involved in urban development, architecture, property management, and community planning, Birmingham's journey offers invaluable insights. Together, we can shape spaces that not only shine but also sustain and empower. ⏩ Share your thoughts or experiences with urban revitalization. How can we continue to build on this momentum? #UrbanRevitalization #BirminghamTransformation #CommunityDevelopment #SustainableUrbanPlanning #EconomicGrowth #PropertyTransformation #ProfessionalInsightsseriousserious

"Convert office towers to residential" has been a frequent cry/pitch/strategy at various urban-oriented events I've attended (or helped lead) since 2021. If only it were that easy. Anyone who's in that business knows of the many challenges to do that, from permitting to engineering to NIMBYism and so much more. Envisioning and funding these conversions could be the catalyst to dramatically help and transform our city centers if we can get past some of the operational obstacles. As this story of conversions in Pittsburgh and Cincinnati so effectively illustrates, lots of change is necessary to make these happen at any impactful scale. It's worth a read. LEFT LANE Rugby Realty City of Pittsburgh City of Cincinnati Build America Bureau at the U.S. Department of Transportation U.S. Department of Transportation #urbanplanning #urbandevelopment #cityplanning #citybuilding