The New Residential Conversion Thread

awood91 said:
Another notable data point from the article: "In Boston, developers have proposed converting some 2 million square feet of underutilized office space into residential projects. Less than 20 percent of the 2,331 units proposed for conversion have been built or are under construction."

Goes to show that our office to resi conversion "boom" is still mainly conceptual, not a reality for the market.
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Further to my point here: https://www.bisnow.com/news/boston/...ut-financing-woes-leave-most-projects-stalled
 
I couldnt read the link so found a different article. Apparently if they convert this building to affordable housing.

161.webp


Then in return they can build a new building or add an addition to an existing building of up to 250,000 sq ft within this square.
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csindie.com

Cambridge meetings, Sept. 21-28: A land swap in Kendall Square - Cambridge | Somerville Independent

Take part in a meet-your-neighbors gathering and meetings on trading development for affordable homes in Kendall Square and rebuilding Gold Star Mothers park.
csindie.com csindie.com
 
stick n move said:
I couldnt read the link so found a different article. Apparently if they convert this building to affordable housing.

161.webp


...
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161 First is a beautiful old Brick-and-Beam that underwent a major structural rehab/foundation underpinning a few years ago and was gutted. It is great to see this (hopefully) being put to good use rather than sitting vacant.
 
Most of the additional square footage is on one part of that garage in the massing models.

However, if they replace the garage where will the Draper folks get to test their toys? They have kept the top floor exclusively for testing. Years ago I work in an office with a view of the parking garage and I would watch them moving interesting rigs around the place.
 
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