Can Office-to-Residential Conversions Be Done at Scale?
One of the most common things I hear these days when talking about empty office buildings from people outside of the industry is “they should just turn them into apartments.” It makes sense, why let office buildings sit with so few occupants when many cities are in the middle of a housing shortage? But for […]
What Developers Should Know About Sunshine Laws
The best disinfectant is sunlight, as the saying goes. That was certainly the reasoning behind the creation of state Sunshine Laws, which were put into place to ensure transparency in government. The laws require that government meetings and records be publicly disclosed and open to the public. The state of Utah enacted the first of […]
Inside New York City’s Largest-Ever Office-to-Residential Conversion
One Wall Street. The address is easy enough to remember. But that’s where the simplicity stops. This is Harry Macklowe we’re talking about. Known as one of the biggest risk-takers in New York City real estate, few figures are as seminal in Manhattan as Macklowe. He’s best known for building skyscrapers, office buildings, and ambitious […]
What’s the Best Way to Reposition an Empty Shopping Mall?
The image of a shuttered ghost town that many of America’s shopping malls have become is much different than the bustling epicenters of economic and social activity that they once represented. “The mall, in its heyday, was a portal to the lifestyles to which people could aspire,” writes Misty White Sedell of the Los Angeles […]
Could Self Storage and Open Air Residential Be The Saving Grace For Failing Malls?
Landlord Urban Edge Also Considers Industrial, Residential Additions to Retail Sites Urban Edge Properties revealed more details about diversifying its malls and shopping centers, adding uses such as self-storage and industrial, advancing a national discussion in retail real estate as landlords try to evolve to compete with online shopping. The Manhattan-based real estate investment trust, which owns […]
Can Adaptive Reuse Save American Malls?
What is the most common reason to get in the car and start driving on any given day of the week? Depending on where you’re from, the obvious answer might be commuting to work. Surprisingly, though, this is not the case. According to the Department of Transportation as of 2017, 41 percent of daily trips are […]