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Office Prices Need to Be Slashed to Convert the Spaces to Apartments

Office landlords are holding on to the "myth" that the sector will bounce back, a conversion expert said, adding that needed to change.

Residential-conversions
Eturn-to-office
Onversions
Real-estate
Commercial-real-estate
Bi-prime
Alex-nicoll

D.C. Office of Planning Reveals "IZ XL" Program for More Inclusionary Housing Opportunities | Holland & Knight LLP

To embed, copy and paste the code into your website or blog: The District of Columbia Office of Planning (OP) recently issued a status report in response to a request by the Zoning Commission (Commission) to review the existing Inclusionary Zoning (IZ) program and provide recommendations to create additional affordable housing opportunities in the District. The program, which is being referred to as IZ XL, was presented to the Commission during its public meeting on Dec. 17, 2020. OP generally recommends that the Commission adopt a progressive approach that proceeds with phased amendments to the IZ regulations. The first phase of changes would: 1) make IZ applicable to certain areas within historic districts and to conversions from nonresidential to residential, and 2) update the required IZ set-aside relative to construction type. OP will simultaneously research potential avenues to make IZ applicable to the D zones, but is proceeding with due caution given their complexity and

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District-of-columbia
United-states
Anacostia
Netherlands
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Washington
Holland
Development-rights-tdrs
Zoning-commission
District-of-columbia-office-planning

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