Page 12 - Stroock Lavan News Today

Housing developers are converting empty office towers into housing as part of an effort to revive struggling downtown business districts that emptied during the pandemic. Conversion projects are underway in New York, Washington, Pittsburgh, and Dallas.

Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business district

Developers are converting empty office towers into housing to revive downtown business districts.

Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business districts.

John Budetti defects after almost 17 years at Kirkland along with four as-yet unnamed partners

Multiple cities are offering serious tax breaks for developers to incentivize office-to-housing conversions — provided that a certain percentage of apartments are offered at affordable below-market prices.

Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business districts that emptied out during the coronavirus pandemic.

On the 31st floor of what was once a towering office building in downtown Manhattan, construction workers lay down steel bracing for what will soon anchor a host of residential amenities: a catering station, lounge, fire pit and gas grills.

A growing number of developers are considering converting empty office towers into housing as part of an effort to revive struggling downtown business districts that emptied out during the pandemic

A growing number of developers are considering converting empty office towers into housing as part of an effort to revive struggling downtown business districts that emptied out during the pandemic