Northland Living’s Post

The adaptive Reuse of Unused Office Buildings to Residential and Hospitality works exceptionally well at Scale. Here are five great examples. #officebuildings #officetoresi #officeconversions #housing #commercialrealestate #realestate #realtors #commercialoffice

We are witnessing a substantial increase in the conversion of apartments. Is it time to consider converting an office building into an apartment building? Read on. #multifamily #apartmentdesign #apartmentconversions #multifamilymarket

Fort Worth's Downtown Transformation: Historic Office Tower to Become Residence Inn Fort Worth's downtown is witnessing a remarkable transformation, with the latest project being the conversion of a historic office tower into a hotel. Here's what's happening: Iconic Building Revitalization: Icon Lodging is investing $33M to convert the former XTO Energy Building, a 101K SF landmark known as the Bob Simpson Building, into a Residence Inn. This building is one of Fort Worth's first skyscrapers, steeped in history and architectural significance. Adaptive Reuse Trend: This project is part of a broader trend in Downtown Fort Worth, where developers are repurposing office properties to meet the growing demand for hospitality and residential spaces. The Sandman Signature Hotel and BlueLofts Inc.'s apartment conversions are prime examples of this adaptive reuse strategy. Burgeoning Downtown Development: Fort Worth's downtown area is a hub of activity with over $2B in commercial development. Key projects include Texas A&M’s new urban research campus, a $95M expansion of the city’s convention center, and Crescent Fort Worth’s $275M mixed-use development. This office-to-hotel conversion reflects the dynamic growth and urban renewal in Downtown Fort Worth, aligning with the city's status as one of the fastest-growing in the U.S. https://lnkd.in/gU4gKuP9 #landdevelopment #CRE #dfwrealestate

The Amenitization of Manhattan Office The next chapter in this series. Of course, it's all about the basis, and you'd have to secure a very strong basis for this to be viable in cities with expensive CAPEX. However, this is not the same as repurposing office spaces into residential ones. Such conversions, which remain prohibitively expensive, would need to be acquired at a maximum bid of $0.50 on the dollar. We're taking a closer look at these now. #OfficeHospitality #OfficeAmenities #NYCRealEstate #WorkplaceInnovation #NewYorkOfficeSpace #WorkplaceDesign #BuildingAmenities #LuxuryOfficeSpaces #NYCProperty #OfficeDesign #RealEstateTrends https://lnkd.in/exUUR48Q

Commercial Property just listed! https://lnkd.in/dAfyXTmD 1 Reeves Road, Port Jefferson, NY 11777 Step into the realm of limitless possibilities with this extraordinary property, deemed a "residential office," where every inch of its sprawling 2.5-acre parcel is ripe with potential. Nestled upon this expansive and flat terrain, construction and development become a breeze, promising boundless opportunities for growth and expansion. Positioned strategically on a high-visibility corner, this location serves as a beacon, drawing attention and beckoning potential customers to its doorstep. Explore the current building's generous expanse, boasting vast open spaces, dedicated office areas, and ample storage facilities, each awaiting transformation into the perfect haven for various professional services or businesses. Descend into the lower level, where residential comforts await, complete with a fully equipped kitchen and bathroom, poised for seamless conversion to accommodate additional business needs. But the intrigue doesn't end there - envision the potential for constructing two-family homes, ideal for fostering multi-generational living arrangements or generating lucrative rental income streams. And with the blessing of local authorities, unlock the possibilities of cluster zoning, enabling a more compact yet efficient layout while preserving the surrounding expanse of open space. With its versatile zoning designation, this property stands as a canvas awaiting your creative touch, offering a myriad of opportunities beyond office purposes, ensuring its place as an unparalleled gem in the realm of real estate ventures. $925,000 #EXITRealtyIslandElite #JustListed #NewtoMarket #RealEstate #LongIslandRealEstate #LoveEXIT #Resilient

In this article, Matthew Haag outlined how the iconic Flatiron building in the heart of Manhattan, facing a challenging period, is set to be transformed into luxury housing by its new owners. As you might know, I love positive news on the effort to address the housing shortage by converting struggling office buildings to residential spaces. Once the office tenant, Macmillan Publishers, left the building, uncertainty surrounded its future until the The Brodsky Organization acquired a stake in the triangular-shaped tower. The conversion, expected to take around three years, will require approval from the Department of City Planning and significant interior changes to adapt the unique space for condominiums or rentals. Despite the building's distinctive interior, it is well-suited for residential use due to its numerous windows (an issue other conversions face), making it an iconic landmark of the Flatiron district. It's great to see local governments supporting this initiative!  #FlatironBuilding #RealEstateDevelopment #LuxuryHousing #NewYorkCity #UrbanRenewal https://lnkd.in/gBCrJ7JF

For Sale or Lease MLS link below $2,370/month + utilities The end unit of this attractive complex comes with extra windows and the upstairs has been made into 1,944 square feet of luxurious office space. Once owned by a local builder, this prime location has maximum exposure. Inside and out, this office space will represent the finest business. Outside is great - you can drive by & see it first hand - upstairs space for lease has two executive offices, a board room, and plenty of storage. Imagine turning a sloped roof into a vaulted ceiling inside - that is what happened here. The pride and prowess of the homeowner who once owned this condo is showcased here. The configuration can be left exactly as the builder had it - PERFECT for him - or walls can be added to make more offices. No surprise to have air-conditioning here, a front & back stairway, and plenty of storage. All this and more at this condo that is first seen on this high-traffic 102 Street – this condo is a one-of-a-kind showstopper, and for location, quite literally, one that can’t be missed! Lease for $2,370 per month + utilities. $1,620 base ($10 x 1,944 sf /12 months) + $750 Additional Rents ($4.63/sf) = $2,370 + utilities. (You can also own the whole condo - see MLS# A2139999 for details) https://lnkd.in/gDBVVA4y

Boyle Investment Company, celebrating its 90th year, stands as the largest owner and operator of office space in Memphis. Currently, Boyle is embarking on significant expansions. In Memphis, the Water Tower District in Collierville is underway, featuring retail, office spaces, a hotel, and a variety of residences. This development aims to blend high-end residential living with accessible neighborhood amenities, emphasizing walkability and convenience for office workers and residents. Boyle’s latest endeavor in Nashville involves the transformation of East Park in Brentwood into a modernized office complex with added hotel, retail, and dining spaces. The plan includes demolishing one building and construction a new TownPlace Suites by Chartwell Hospitality, aiming to revitalize the area and cater to evolving business and residential needs. Boyle’s approach focuses on blending modernization with community-centric designs, catering to diverse needs while maintaining a commitment to long-term growth and development in both Memphis and Nashville. • • • #boyleinvestmentcompany #memphis #nashville #jonesaurcommercialrealestate

Amidst a market experiencing both an uncertainty around offices and a well-documented shortage of hotels, Anthem Properties Group Ltd. is now seeking to modify its plans for the Citizen tower it has planned for the Metrotown neighbourhood of Burnaby, reported Storeys. "The 66-storey Citizen is set to rise at 4657 Kingsway, directly across the street from the Metropolis at Metrotown shopping centre and the multi-tower Station Square mixed-use development Anthem Properties undertook with Beedie. Planned for the tower is a total of 645 residential units, split between 372 strata condominiums, 200 market rental units, and 73 non-market rental units, atop 150,000 sq. ft of commercial space in a seven-level building podium. The project site is currently a vacant piece of land that has been fenced off, with excavation expected to begin in Fall 2024." "As originally planned, and approved a year ago this month, that building podium would include office space and retail space on the ground level. Anthem is now asking the City, in a new rezoning application, to permit hotel use in the building podium." https://lnkd.in/gtt9hsXu #burnaby #office #hotel #development #mixeduse #residential

Office and residential buildings have vastly different needs for curb space and parking, but they’re often afterthoughts when converting offices to multifamily units. Learn how residential amenities, urban transportation needs, and a third-party traffic analysis can affect a property’s final design. 📷: Golub & Company and SCB #KimleyHorn #UrbanDesign #Parking