THE BENEFITS AND TECHNIQUES TO MAKE IT HAPPEN
There are hurdles that come with adaptive reuse.
Even though virtually every mayor and city council member preach the virtues of
adaptive reuse, many zoning codes have onerous parking requirements and rules
that inhibit intense urban-infill redevelopment.
Environmental remediation can spiral beyond even the best estimate.
And lenders are often both confused by, and reluctant to lend to,
unique revitalization developments that lack comparables.
Digital nomads, ridesharing and other factors have left a lot of office space vacant or underutilized and towering parking decks half empty during the workweek.
The pandemic sped up work from home, or only a few days per week in the office trends.
Many think the shortage of available for sale and rental housing units
crisis could be at least partially addressed by conversion of commercial space
to residential.
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