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Office Conversion Accelerator Program Aims to Combat the Housing Crisis

Photo source: cbs.com

Since the pandemic, many offices in the Big Apple have turned into deserts. This has become a new challenge for the metropolis, which local authorities want to turn into a solution to another crisis - housing. There are now 35 million square feet in the Big Apple that are simply empty. This could result in 20 new housing units.

The 28-story building on Water Street will soon become residential. But it's just one of 52 city buildings participating in the Office Conversion Accelerator program.

 

Author: Irina Proskurina

28.02.2024