Adaptive reuse refers to the process of reusing an old site or building for a purpose other than which it was built or designed for.
Tag: adaptive reuse
Studying commercial to residential conversions
The Multifamily Economic and Market Commentary for April from Fannie Mae focused on the conversion of commercial property to residential uses. It looked at...
Red Oak Capital Holdings Provides $6.3M to Refinance Jacksonville Adaptive Reuse of Laura Street...
Red Oak Capital Holdings, LLC has provided $6.3 million to refinance Laura Street Trio, a collection of assets in the core of Downtown Jacksonville,...
Return of the carbon
My office is decorated with comic book figures and movie posters to the point that, during the pandemic when we were all forced to...
CIBC Announces Newest Affordable Housing Project Thrive on King in Downtown Milwaukee Wisconsin
CIBC announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into...
JLL Arranges $395M in Financing for Trophy Apartment Asset 70 Pine Street in NYC’s...
JLL's Capital Markets group announced that it has secured the $395 million refinancing of 70 Pine Street, a 66-story, mixed-use property with luxury multi-housing...
Marquette Companies Completes Adaptive Reuse of Historic Mary Thompson Hospital into The Thompson at...
Marquette Companies has announced the completion and grand opening of The Thompson at Fulton Market, a 210-unit mixed-use apartment building at 150 N. Ashland...
Northwind Group Provides a $22 Million First Mortgage Loan for 303 Washington Street in...
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced that it provided a $22 million first mortgage loan secured...
Office-to-apartment conversions gather steam
Office-to-apartment conversions gather steam as developers seek adaptive reuse as a way to fix pandemic-related problems in the office market. Adaptive reuse...
White House supports adaptive reuse
The U.S. Department of Housing and Urban Development (HUD) and the Biden-Harris Administration announced new steps intended to bolster the nation’s housing supply and...
Empty offices, troubled malls become new “15-Minute Cities”
At ULI’s Spring Meeting apartment experts found new solutions and opportunities to build—even in uncertain times. A questionable economy and high-interest rates are not stopping...
Property conversions: Will today’s office vacancies become tomorrow’s WFH locations?
New government incentives and shifting market dynamics could make it worth U.S. real estate owners’ time—and money—to move forward with office-to-residential conversion projects. With the...
Costa Mesa adds housing through rehabs
As part of a statewide initiative to remediate its housing shortage, the state of California has mandated that the city of Costa Mesa zone...
Second act
Playhouse Square Foundation is beginning work to convert half of the Bulkley Building in downtown Cleveland into market-rate apartments. Playhouse Square is converting four of...
Old school, new life
An abandoned school—and neighborhood eyesore—in Pennsylvania has been renovated and rehabbed into a viable piece of real estate once again. It has happened thanks to...
Commercial-to-multifamily conversion shows promise across broad range of markets
Repurposing commercial properties into multifamily housing is growing more common across a variety of real estate markets and can provide a critical source of...
