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Steven Paynter - 3 Paynter - 3 it's - 2 Goldman Sachs - 2 Mark Hogan - 2 Charles Bloszies - 2 Hogan - 2 John Cetra - 2
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Search resuls for: "Steven Paynter"


5 mentions found


☆ The office market is in trouble. Here's what real estate experts say all that space could be used for instead.
  + stars: | 2024-03-03 | by ( Yuheng Zhan | ) www.businessinsider.com   time to read: +5 min
The reality facing office owners has many of them thinking about office-to-residential conversions, a move also echoed by the Biden administration as a way to alleviate the housing shortage. This story is available exclusively to Business Insider subscribers. "You do see some office buildings right now that over the last 20 years have taken a part of their building like the low-rise and converted it to a hotel," he said. In less common cases, office owners in places like Los Angeles are pivoting their private buildings to film post-production sets. AdvertisementMedical offices are also options for landlords, Paynter said.
Persons: —, it's, Biden, Goldman Sachs, Mike Watts, Watts, Steven Paynter, Paynter, Todd Henderson Organizations: Service, Business, DWS Group Locations: Watts, Austin, Los Angeles
☆ Architects explain how they're turning office buildings into apartments with high ceilings and more natural light
  + stars: | 2023-09-04 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +9 min
Steven Paynter, an expert in office-to-residential conversions at the architecture firm Gensler, thinks converted office buildings will be a trendy, new type of housing. Advertisement Advertisement Watch:The renovated exterior of Franklin Tower, a 24-story former office building in downtown Philadelphia that now contains luxury residences. But renovating old office buildings is no simple task. AdvertisementAdvertisementIn some cases, particularly when it comes to postwar high-rises, it's more economical to tear old office buildings down and replace them with new housing, Hogan said. When Gensler renovated Franklin Tower, a vacant 1970s office building in downtown Philadelphia, it fully reconstructed the facade and windows.
Persons: Steven Paynter, Paynter, Robert Deitchler, Mark Hogan, who'd, you've, Charles Bloszies, Hogan, " Hogan, John Cetra, Cetra, Bloszies Organizations: Service, Broad, Coast, Franklin Locations: Wall, Silicon, Manhattan , New York, Philadelphia, San Francisco, Franklin Tower, Manhattan, San Francisco's
☆ Your next apartment could be someone's old cubicle as developers rush to convert empty offices
  + stars: | 2023-08-27 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com   time to read: +9 min
The mayor of New York City aims to turn old office buildings into 20,000 new apartments. The Manhattan-based architect John Cetra, who has worked on office conversions since the 1980s, calls it "the amenity war." His firm, CetraRuddy, recently announced it's leading the conversion of a 30-story office building, formerly home to Goldman Sachs, in Manhattan's financial district. Adams' goal is to create up to 20,000 new homes for 40,000 New Yorkers in converted office buildings over the next decade. AdvertisementAdvertisementNew York City has already had some success in converting office buildings to homes.
Persons: you'll, they've, everyone's, Steven Paynter, we've, John Cetra, it's, Goldman Sachs, Cetra, Eric Adams, Paynter, He's, who's, Adams, We've, Dan Garodnick, Mark Hogan, Hogan, Charles Bloszies, I've, that's, Bloszies, Garodnick, Arpit Gupta Organizations: Service, CetraRuddy, York, US Department of Housing, Urban Development, Yorkers, New York City's Department of City Planning, San Francisco, Supervisors, New York Stock Exchange, NYU Stern School of Business, Research Locations: New York City, Wall, Silicon, York, San Francisco, Manhattan, Toronto, Calgary , Alberta, York City, Francisco, New York
☆ Meet the guy whose algorithm could solve the crisis of America's empty office space
  + stars: | 2023-01-08 | by ( Zoe Rosenberg | ) www.businessinsider.com   time to read: +5 min
Converting offices into apartments brings people back to downtown areas as residents, not commuters. The algorithm is able to quickly assess which office buildings are viable for conversion to apartments, which are known in industry parlance as multifamily residential. "And then, actually, the demand for the remaining office buildings goes up, because you're creating scarcity by taking some out of the market." Most urban centers lack sufficient housing, but turning office buildings into apartments helps add additional units to rent or buy. About 28% of the area's office space is vacant.
☆ The housing-affordability crisis is sparking startup founders, Wall Streeters, and nonprofit leaders to try to offer new solutions
  + stars: | 2022-11-15 | by ( Hana R. Alberts | Jordan Pandy | ) www.businessinsider.com   time to read: +6 min
Some innovations may help homebuyers, renters, and investors cope with the affordability crisis. 100 People Transforming Business is an annual list highlighting people across industries who are changing the way the world does business. Mortgage rates have topped 7%, the highest rate in 20 years, which means homebuyers can afford less house for their money. That's why many people and companies in the real-estate industry are trying to help homebuyers, renters, and investors cope with an affordability crisis. That's where the Washington, DC, nonprofit Grounded Solutions Network comes in: It says it helps repurpose "vacant space into vibrant space."
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