It used to be that it wasn't that difficult to convert an office building into lofts.
"A developer could find a building that had the right kind of bones and the right neighborhood," says John Cetra, cofounder at New York-based architecture firm CetraRuddy. "Because the building already existed, you had a structure and you had an envelope. So you were dealing with replanning and an upgrade. Those were the easiest things to get done."
But buildings constructed after 1960 got a lot larger. Cetra says those buildings will require a "rethinking of regulations." He says New York City's zoning resolution went through a significant revision in 1961.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
