News & Analysis as of

Urban Planning & Development Office Space

Goulston & Storrs PC

City of Boston Office to Residential Conversion Program Extension

Goulston & Storrs PC on

In June, Mayor Wu announced the extension of the City of Boston's Office to Residential Conversion Program with $15 million in additional funding from the state. The program, which formally launched in October of 2023, aims...more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening To: July 2024

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - S.F.’s Stonestown to become west side’s largest residential development in 50 years (SF Chronicle): The plan to convert the Stonestown...more

Venable LLP

District of Columbia Establishes New Tax Incentives for Office Repositioning in Downtown

Venable LLP on

On June 25, 2024, the D.C. Council passed the Downtown Activation Conversion Program Amendment Act of 2024, in a strategic effort to revitalize the downtown area—including portions of Dupont Circle, West End, Foggy Bottom,...more

ArentFox Schiff

Money Trees (and Office Greens): Why Real Estate Developers are Transforming Vacant Office Spaces into Trendy Urban Farms

ArentFox Schiff on

Welcome to the trendy revolution of urban farming. Three years ago, Washington, DC, Mayor Muriel Bowser unveiled a plan to transform vacant office buildings in downtown DC into residential properties with hopes of creating a...more

Allen Matkins

Sustainable Development and Land Use Update 4.04.24

Allen Matkins on

Two bills proposed to modify the Builder’s Remedy are currently making their way through the State Legislature. As currently proposed, AB 1893 (Wicks) would (i) reduce the required percentage of (lower income) affordable...more

Allen Matkins

Pending AB 2011 Amendments Hold Promise For Housing Developers

Allen Matkins on

On March 19, 2024, Assemblymember Buffy Wicks introduced new amendments to pending Assembly Bill (AB) 2243, which would amend AB 2011 (operative as of July 1, 2023). As explained in our prior legal alert, AB 2011 provides for...more

Jones Day

Repositioning UK Office Assets—Risks and Opportunities: Best-in-Class vs. Out-of-Date

Jones Day on

Over recent years, we have seen an office sector where occupiers are taking less space and using it in a different way in the United Kingdom, even when compared to five years ago. That trend, which was accelerated by the...more

Seyfarth Shaw LLP

White House Implements Plans to Facilitate Office-to-Residential Conversions

Seyfarth Shaw LLP on

Seyfarth Synopsis: With the cooperation of federal agencies such as the Department of Housing and Urban Development (HUD) and the Department of Transportation (DOT), the White House has established plans to use grants and...more

Partridge Snow & Hahn LLP

Downtown Office Conversion

“Your success in life isn’t based on your ability to simply change. It is based on your ability to change faster than your competition, customers and business.” — Mark Sanborn. This past July, Boston Mayor Michelle Wu,...more

Allen Matkins

Sustainable Development and Land Use Update 11.09.23

Allen Matkins on

The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions....more

Allen Matkins

Sustainable Development and Land Use Update 10.27.23

Allen Matkins on

After more than two years of resistance, the city of Coronado, a wealthy island city in San Diego County, has agreed to follow state housing law by setting aside more land for development, Governor Gavin Newsom and Attorney...more

Allen Matkins

Critical State Housing Laws Approved by Governor Newsom

Allen Matkins on

Governor Newsom recently approved multiple state housing bills passed by the State Assembly and Senate. The following is a summary of a few of the key bills that are expected to benefit multi-family, mixed-income housing...more

Farella Braun + Martel LLP

Downtown San Francisco Adaptive Reuse Legislation Slated To Go Into Effect

As we alerted you on May 9, legislation to incentivize office and commercial building conversions to housing had begun working its way through the Board of Supervisors after approval by the San Francisco Planning Commission....more

Coblentz Patch Duffy & Bass

What We’re Reading, Watching, and Listening to: June 2023

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - The Luxury Shopping Oasis Emerging in San Francisco’s Struggling Downtown (Wall Street Journal): Although local foot traffic may be down,...more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening to: April 2023

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - S.F. housing production slows to crawl as state goals loom (San Francisco Chronicle): The Planning Department’s annual housing...more

Pillsbury - Gravel2Gavel Construction & Real...

Adaptive Reuse: Creative Reimagining of Former Office Space to Address Differing Demands

Empty office buildings downtown. A housing shortage in almost every major market. Is there a way to address both issues at once by converting historic but underutilized office buildings into apartments and condos in city...more

Farella Braun + Martel LLP

[Event] San Francisco’s Downtown: What Does the Future Hold? - February 28th, San Francisco, CA

As work habits continue to transition from office space to work from home, sparsely populated downtown office towers are proving to be a barrier to the City’s goal of repopulating the traditional financial district. Enter the...more

Kramer Levin Naftalis & Frankel LLP

City Hall Releases Report Recommending Regulatory Changes to Facilitate Office Conversions

On Jan. 9, 2023, the city’s Office Adaptive Reuse Task Force issued its report titled the “New York City Office Adaptive Reuse Study.” The Task Force was established to study the potential for the conversion of vacant office...more

Kohrman Jackson & Krantz LLP

Downtown vs. Suburban Offices: Commercial Office Space Leasing In A Post-Covid Market

Twenty-seven months ago, we couldn’t begin to comprehend the length or severity of the pandemic, nor its long-term effect on commercial office space. Today it is still not possible to make an accurate prediction, but a few...more

Goodwin

Convergence, Creativity And Re-Purposing: The Role Of Mixed-Use Projects In Driving The Recovery Of Cities Around The World

Goodwin on

While significant challenges from COVID-19 continue to be felt in city centers around the world, the quote from Mark Twain seems applicable to cities in this moment: “The reports of my death are greatly exaggerated.” As...more

Coblentz Patch Duffy & Bass

SF’s Proposition E Links Office Allocation to Housing Production

On March 3, San Francisco voters will consider Proposition E (“San Francisco Balanced Development Act”), which links the City’s “Proposition M” office allocation scheme, originally approved by voters in 1986, to affordable...more

Holland & Knight LLP

West Coast Real Estate Update - June 2017

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Google's New Office Space Could Have Huge Impact on Downtown San Jose - San Jose is the largest city in California's Silicon Valley, yet some of the tech industry's largest employers maintain their biggest offices...more

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