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> I know redeveloping commercial buildings into residential is very expensive and difficult At a certain point, it’s expensive and difficult enough that you’re

• hn_throwaway_99 3y ago
  Yeah, I'm under no illusions about the cost required for these types of conversions/demolitions (though even in that thread there were some counterpoints about how conversions could still be done). But still, we seem to fundamentally be at a place where we're going to need more housing instead of office space, so we need to make the transition at some point. For example, the new tallest building in Austin, TX, will be the under-construction Sixth and Guadelupe building. This building was designed as half residential/half office. All of the office space was originally leased to Meta, who subsequently pulled out and is now trying to sublease ALL of that space. Seems like it would be much better if they could just turn the entire building into apartments. Despite a recent pullback rents and housing costs in Austin are still completely nuts, and the additional housing stock would very easily be taken up.