Facing extreme demand to create more housing, the City of Los Angeles is considering leveraging adaptive reuse of existing, underused buildings to create as many as 100,000 more units in the coming years.
Karin Liljegren, FAIA, founder and principal, OMGIVNING, spoke about strategy to do so at ULI's Spring Conference on Tuesday in San Diego in the session, "CRE to Multifamily: What Makes a Successful Conversion."
The Rand Corporation released a new report this month "Can Adaptive Reuse of Commercial Real Estate Address the Housing Crisis in Los Angeles?" where it forecasted that LA needs 800,000 new housing units to be created over the next eight years.
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