Los Angeles has emerged as one of the nation’s hottest hubs for adaptive reuse, with 5,640 apartments in the pipeline — second only to Manhattan’s 11,000, according to a recent analysis. Office buildings comprise 50 percent of the main target for conversion in L.A., with 11 such projects in development as of July, RentCafe.com determined using its Yardi Matrix data. They account for 2,843 apartments, roughly 50 percent of the city’s adaptive reuse housing pipeline. L.A.-based Jamison Services is responsible for the three largest office-to-residential projects: 1055 West 7th Street, a 33-story office building downtown being redeveloped into 691 apartments; […]
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