I know LaSalle Street Reimagined's future is uncertain, but is the city doing anything like this NYC program?
Quote:
Office Conversion Accelerator Team Will Help Expedite Conversions of Office Buildings to Provide New Homes
To advance office to residential conversions, which will help address ongoing office vacancies and create thousands of much-needed new homes for New Yorkers, Mayor Adams has established the Accelerator team to work with office building owners to advance opportunities for conversions. The Office Conversion Accelerator includes representatives from City Hall, the Department of City Planning, the Department of Buildings, the Department of Housing Preservation & Development, the Board of Standards and Appeals, the Landmarks Preservation Commission, and others.
The program will assist owners with conversions, from analyzing the zoning feasibility of individual conversion projects, to helping conversion projects secure necessary permits. Property owners of existing office buildings can seek the interagency team’s help to identify barriers to conversion and expedite pathways to overcome those barriers.
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Source:
https://www.nyc.gov/site/officeconversions/index.page
New York now has 46 (!) office-to-residential conversion projects participating in this program:
https://therealdeal.com/new-york/202...i-accelerator/
Hybrid Mode