Browsing: Building Repositioning
As urban landscapes evolve, cities face a dual challenge: high office vacancy rates and critical housing shortages. One innovative solution is transforming underutilized office buildings
into residential spaces. To explore this trend, Brooks McDaniel, Senior Vice President of Building Repositioning at STO Building Group, dives into valuable insights into the complexities and opportunities of these conversion projects.
The largest office-to-residential conversion in the U.S. to date has started leasing.
In the first half of 2024, mortgage maturities were drivers for the New York City office market sales, which saw trades to the tune of $1.27 billion, according to Ariel Property Advisors’ New York City 2024 Mid-Year Sales Report.
Over a series of Horizons videos, podcasts, and articles Hogan Lovells explore how some of the hot topics of the day are tackled in New York City and London.
Cushing Terrell partnered with longtime client, Metropolitan Market, to bring its global-inspired take on grocery to the rapidly transforming Crown Hill neighborhood of North Seattle. The new location transformed a 30-plus-year-old building into a beautiful, modern shopping destination—one that both fits the context of the up-and-coming neighborhood and ties into Metropolitan Market’s high-end brand.
The contracting team on the 47-story TSX Broadway used lifts to raise the site’s original theater by 30 feet.
With a robust network of over 4,700 construction professionals, the STO Building Group is rich with experts spanning all facets of the construction industry. That means local project teams can readily access that companywide expertise and experience for the benefit of their clients and projects. Here, we highlight just a few of these experts and their areas of specialization.
Focused on improvements to the street front, roof, office floors, and building systems, “Midlife Metamorphosis” is a series of ideas to reposition aging properties to make them a smarter investment.