There's a reason that most re-development takes a long time. Most of that time is waiting for land values to drop to the point that redevelopment is the best wa

There's a reason that most re-development takes a long time. Most of that time is waiting for land values to drop to the point that redevelopment is the best way to restore property tax revenue. That process takes decades. The thought exercise here is what if there was a way to go faster and convert a building from commercial to residential? The article is about a developer who does this in NYC... where a lot of commercial real estate is at 50% occupancy... and is doing conversions very quickly.