USC Lusk Center for Real Estate’s Post

Most developers are still treating aging office relics like demolition dunces. But one savvy crew just schooled everyone on the mixed-use metamorphosis play. We're talking that near-vacant 1972 tower on Smith Street reimagined into a 372-unit residential oasis packed with amenities. Except this glow-up went way beyond typical office-to-condo surgical slicing. These visionaries mapped out the entire curbside choreography upfront rather than doing the usual Band-Aid bodge jobs. They surgically separated the residential and commercial components' wildly different parking/loading demands into purposely designed zones and flows. Genius level stuff. Residents enjoy Ubering and fetching seamless deliveries through dedicated curbside experiences catered to their exact patterns. While any remaining office stayers keep their segregated commuter routes without residential conflict. It's that nuanced mixed-use mindset positioning this reincarnated high-rise 10% pre-leased before opening in a Downtown area starved for thoughtfully planned vertical communities. Getting the curbside strategy locked upfront avoided the classic "conversion clusterf*ck" of gridlock, turnover vacancy chains, and corporate leavers. These guys [and gals] recognized that sweating the small stuff like curbside utilization and separation is actually the vital amenity for any thriving adaptive reuse. The upfront investment paid massive dividends too - over $100M in fresh property value catalyzing a model for truly revitalizing urban dinosaurs into sustainable, mixed-use energy hubs. Not just jamming rentals into archaic office cavities. It's a masterclass in holistic conversion done right - choreographing the entire mobility experience around seamless placemaking rather than halvingcube farms into shoebox closets. When's the last time you saw a developer flex that level of curbside genius? Exactly... the real visionaries are separating themselves from the demo dunces. https://lnkd.in/g3aftd-p #MixedUseRevolution #CurbsideGenius #UrbanMetamorphosis #AdaptiveReuse #RealEstateInnovation #SmartDevelopment #UrbanRenewal #ResidentialOasis #SustainableLiving #VerticalCommunities #PropertyTransformation #OfficeConversion #HolisticDesign #Placemaking #UrbanRedevelopment #FutureCities #RealEstateTrends #DeveloperInsights #CityLiving #MixedUseMindset #RevitalizingDowntown #CurbsideStrategy #SeamlessLiving

One of the easiest ways to create a "high end" vibe is through lit walkways. Whether we're talking about an office building, or an apartment complex, or a campus setting… These are usually well worth the investment! #commerciallighting #exteriorlighting #walkwaylights #baylighting

Does your #BostonRealEstate property offer an environment perfectly catering to your business operations? Medford Housing Authority's strategic workspace relocation is an example of how meticulous planning yields fruitful results. Here’s what they did right - partnered with Cummings Properties and transformed a former electronics assembly plant into an optimal 5,300 sq ft office space! This new HQ boasts private offices, robust meeting and training rooms, a handy kitchenette, and ample parking spaces. Plus, accessibility to public transportation won't go unnoticed! This move challenges us to consider - is our current real estate strategy tapping the full potential of our property? Are there areas we might have overlooked? Let's reflect on our use of resources, location and design elements that can drive staff productivity & client satisfaction. It's time we stop settling for ‘good enough’ & start aiming for ‘great’. Reach out to #BostonRealtor Joe Turco for deeper insights and bespoke #BostonRealEstate solutions! #TurcoGroup #eXpRealty #BostonCondo #BostonHome #MovemetoBoston

Did you know over two thirds of office lease transactions in London and the South East are for Grade A space? As many businesses continue to focus on quality workspaces, modern facilities and eco credentials rank highly on wish lists, leaving some larger properties out in the cold. Thames Valley is, however, bucking this trend, with an influx of life science labs and film studios vying for larger premises to develop into state-of-the-art facilities. Lewis Djemal, Head of Real Estate in HCR’s Thames Valley office, uses his in-depth understanding of the Thames Valley market to give expert advice on the current property market in his latest article. Read it here: https://ow.ly/YXBE50RnQQS #PropertyMarket #RealEstate #ThamesValley

Unlocking Hidden Profits: Converting Offices to Multifamily Homes Discover innovative strategies for maximizing your investments by converting underutilized office spaces into multifamily housing. Learn about the growing trend of office transformation and how it can lead to significant profits without incurring interest. #RealEstateInvestment #OfficeToMultifamily #PropertyTransformation #InvestmentStrategies #EconomicTrends #MultifamilyHousing #BuildingRevitalization #PassiveIncome #DistressedAssets #SmartInvesting WATCH/LISTEN TO THE FULL EPISODE http://anchor.fm/smip

Exploring the transformation of commercial spaces into residential havens? The shift from office to home has property owners considering new possibilities. However, navigating this transition comes with its share of complexities and challenges. Our latest article delves into the hurdles you might encounter and offers strategies for seamless navigation. Dive in for key insights that pave the way forward. Read more: https://lnkd.in/gW8aYxVE #PropertyTransformation #CommercialToResidential #EnvitaeInsights #Envitae #LeaseToEnvitae #PropertyManager #PropertyManagers #PropertyManagerNews

The CRE industry has been facing challenges in the office sector, with weaker demand in the post-COVID era. However, it's not all negative, read our blog for strategies that developers and investors can employ in order to navigate these challenges and gain success in their real estate endeavours. https://lnkd.in/g94kjWex #CRE #office

Planning your next Tenant Improvement? Explore our top budgeting tips to streamline your project. Count on us to turn your vision into reality—from planning to execution.

Ever wondered what happens to all the empty office buildings? Since 2022, the US real estate market has seen a 96% increase in adaptive reuse projects. Check out our latest insights on how adaptive reuse is transforming the multifamily industry https://info.ict.co/otj0b #accesscontrol #multifamilyliving

This is an excellent example of repurposing existing landmarks to address the pressing need for housing. By converting this office building into residential units, we can expect the residential traffic to effectively balance out daytime activity, resulting in minimal additional traffic impact during peak hours. #reinvent #housing #atlanta #realestate