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March 23, 2023

NAIOP asks, Offices to apartments?

Photo by Steve Keating [enlarge]


Adaptive reuse is all the rage, in theory, as some office building owners contemplate flipping them to apartments. That'll be the topic of discussion at a NAIOP gathering on April 6. Leading the panel are Dayna Dealy of Skanska and Kimberly Frank of GGLO. Says NAIOP, “As the demand for physical office space shifts, many developers are considering alternate uses for their properties, including converting them into multifamily units or other types of properties.” It's been done before in the downtown core; one example is the Cobb Building (pictured), a pre-Great Recession conversion from GGLO and Unico. The gathering will be held at the downtown offices of MG2. Details and registration: naiopwa.org.




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