Browsing: Building Repositioning

Dublin’s historic architecture is a cornerstone of its identity—and today, many of these heritage structures are being reimagined as cutting-edge workplaces. From Google’s Boland’s Mill to Salesforce’s Dublin HQ, Structure Tone Dublin is leading the transformation, blending craftsmanship with modern engineering. Project Director Des O’Toole shares insights into the challenges and rewards of working within protected buildings—matching original materials, navigating complex logistics, and collaborating with visionary clients to preserve the city’s architectural legacy while shaping its future.

Pavarini McGovern led the transformation of 25 Water Street into SoMA, a groundbreaking 1.1Msf project that reimagined a 1960s office tower as more than 1,300 modern apartments. Featuring a 10-story overbuild and 100,000sf of luxury amenities, this conversion represents the largest of its kind in U.S. history. The project’s success reflects exceptional coordination, innovation, and precision—hallmarks of Pavarini McGovern’s expertise in complex urban construction.

In the wake of the pandemic, we’ve seen a fundamental shift in how cities use space. Commercial tenants are prioritizing quality over quantity, leaving older office buildings underoccupied and underutilized. At the same time, an increase in healthcare investment and technological advancements have led to a surge life sciences growth across the nation. These two trends have set the stage for an unconventional solution: converting office buildings into lab space.

The shift away from the five-day office work week was already causing vacancies in big downtown office buildings across U.S. cities before the COVID-19 pandemic accelerated the trend.

In the latest episode of the Ask the Expert series, STOBG Senior Vice President of Building Repositioning, Brooks McDaniel, explores the complexities of office-to-residential conversions. Join Brooks as he debunks common myths, breaks down cost comparisons, and discusses design challenges, zoning impacts, and government incentives shaping these transformative projects.

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.