Because only a portion of some buildings may be desirable to today’s office tenants - such as the bottom floors of an older Class A office tower with no views and outdated amenities - partial conversion projects can utilize building assets more strategically and efficiently through varied lease arrangements and internal configurations that support diversified uses.These statistics point a way forward: partial conversions. office portfolio will need upgrading to meet future occupancy expectations. Additionally, the survey estimates that one-third of the existing U.S. office assets to residential and other uses in the next five years. Recent research taken from the AFIRE International Investor Survey Fall 2023 Pulse Report shows that 90% of institutional investors forecast converting many U.S. What about the remaining 75% of underutilized buildings? Context, building form, location, floor plate size, and several other factors all play a crucial role in assessing a building’s aptness for conversion. Why diversify the conversion approach? Gensler’s analysis of over 1,000 buildings in 123 cities across North America revealed that only 25% of the buildings analyzed make for suitable candidates for office-to-residential conversion. Working within the technical constraints of every site to bring complex transformations to life.īy embracing a wide view of conversion possibilities in addition to office-to-residential, we can revitalize our cities while creating more economically and socially resilient properties.Embracing a mix of diverse uses for each building and community.Emphasizing the existing architectural strengths of properties.The “Office-to-Everything” perspective has the potential to transform buildings into vertical villages that incorporate multiple uses by: This “Office-to-Everything” approach represents a coalesced understanding that the current economic landscape for office real estate offers not just one but many golden opportunities to make our cities better. The project, which is LEED Platinum certified, is topped with an array of solar panels and skylights.Gensler has been active in advancing policy discussions that minimize roadblocks for office-to-residential conversions, including our participation in President Biden’s office-to-residential advisory committee and our work with Housing and Urban Development (HUD) on the White House Commercial to Residential Federal Resources Guidebook.Īs we forge ahead with that important work, it’s important to remember that in the local New York City market, there is huge potential to return stranded assets back to their highest and best use by pursuing conversion projects embracing a variety of uses in addition to housing. The panels are arranged in a running bond pattern, with each successive row offset by a third. “We worked very closely with the manufacturer through our facade consultants to select panel size, thickness, and finish that would achieve our architectural objectives while being resilient to local conditions,” continued Jacobson. 05″, function as a rainscreen system and are fastened to the substrate with concealed fasteners. The panels, measuring approximately 50″ by 10″ by. That design aesthetic is stated through the approximately 11,000 stainless steel panels that enclose the Cadillac House. “We worked hand-in-hand with the LDI and structural engineers to massage the form as necessary to accommodate the member sizes necessary without compromising the design aesthetic we hoped to achieve.” ![]() “We provided design intent models constructed in Rhino and documented in Revit directly to the local LDI and technical consultants and upon their review, any necessary changes to the model were confirmed by the architectural team,” said Gensler senior associate Tim Jacobson. Architectural Design and Research Institute of Tongji UniversityĬustom rainscreen with concealed fastenersĪ challenge for the project’s design-an joint effort between Gensler teams in New York, Chicago, Detroit, and Shanghai-was balancing that complex form with the necessary structural requirements.
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