Conversions of Office Buildings to Apartments, Labs and Hotels Have Captured Attention, But Activity Amounts to Just 2% of Overall Office Market

BOSTON–Conversions of outdated office buildings to other uses such as multifamily complexes, life sciences labs and hotels have garnered widespread attention as the office market adapts to hybrid work. Still, conversion projects in the works represent only a small fraction of the overall market, according to a new report from CBRE. CBRE’s analysis found 218 […]

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Regency Centers transforms iconic Harvard Square buildings into The Abbot, a vibrant mixed-use project

Regency Center Corporation’s (Nasdaq: REG) overhaul of a trio of century-old buildings located in Cambridge, Massachusetts into modern mixed-use space—while carefully preserving the historic flair of their surroundings—reflects the versatility and perseverance of a REIT best known for its grocery-anchored shopping centers. The Jacksonville, Florida-based REIT’s restoration of the Abbot Building complex, a collection of three […]

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907 Main Hotel sees gas usage ‘miles lower’ than when it was a brownstone

Project: A brownstone-turned-boutique-hotel in Cambridge’s Central Square, with a ground-level restaurant and a rooftop bar. Opening: 2020 Developer: Patrick Barrett (solo practitioner) Development costs: $24 million What’s electric? All 67 hotel rooms have their own heat pump. Some restaurant kitchen equipment. What’s gas? The hot water system, restaurant stoves and the building’s emergency backup system. Patrick Barrett, […]

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