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Some financial analyst worry that the commercial real estate industry is in danger due to the increase of vacant office space with the rise of remote work.
Like several towers near it, the 13-story Art Deco-style building built in 1916 is largely empty office space, and according to the Mayor, it's about to undergo what is arguably the biggest transition downtown has seen in a century.
One project already underway involves converting a 13-story building into 216 residential units.
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