Culture

With more than 25% of the country’s office stock projected to become obsolete by 2030, how is an international commercial hub like New York City adapting? Join STOBG’s SVP of Building Repositioning, Brooks McDaniel as he discusses the city’s trend towards residential conversion with commercial design leader and managing partner at MdeAS, Dan Shannon.

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Construction sites are known for their excessive water usage and generation of liquid waste, both of which have a negative impact on the environment. Despite the importance of efficient water management, it is often overshadowed by the focus on carbon emissions reduction in construction. This is partly due to the fact that water-related issues tend to be more localized and may not have as immediate a global impact as climate change. Additionally, there may be a lack of awareness and understanding of the importance of efficient water management in the construction industry.

The office market has slowed but the demand for more urban housing only continues to rise. A possible solution? Converting office to residential. In a recent episode of STO Building Group’s Building Conversations podcast, Brooks McDaniel, STOBG’s senior vice president of building repositioning, speaks with Dan Shannon, commercial design leader and managing partner at architecture firm MdeAS, about the wave of office to residential conversions in New York City. Here is an excerpt of their conversation.

“The best air quality in the world.” “The world’s first National Park City.” “A zero carbon, zero waste city.”

Those are just some of the bold goals London Mayor Sadiq Khan announced in 2018 as part of the city’s plan to make London a world leader in sustainability. As he put it at the time, “My aspiration is to help turn London into a zero carbon city by 2050. And I’m committed to working with national government, local boroughs, London’s businesses, NGOs, our European neighbours, and individual Londoners to achieve this goal.”