an average of 36 conversions a year. However, by early December 2022, CBRE says 42 buildings had been converted within the last year. Boston leads the market with 38 building conversions, San Francisco Peninsula with 28, and D.C. and Los Angeles were tied for third with 11 building conversions each. Many of the cities that out-ranked D.C., unlike Washington, don't have to negotiate with the federal government as a landlord.
In December, in an effort to promote a reimagined downtown, Mayor Bowser announced the conversion of the old Vanguard building that headquartered the Peace Corps for decades. The building will be converted to the Elle Apartments and is expected to add 163 residential units when it opens in May 2024. Deputy Mayor John Falcicchio said in December that the city's downtown reimagination strategy has three key points: "Change the space, fill the space, and bring the people."
President Joe Biden speaks in the Roosevelt Room of the White House, Dec. 13, 2022, in Washington, D.C.D.C., which has over 20 million square feet of vacant office space, hopes that the Housing in Downtown Abatement Program will incentivize future residential transformations by offering tax relief to buildings that include at least 15% of total units to be affordable to 60% of people who qualify for the median family income threshold, which is $103,200 for a four-person family.
AlecMacGillis Lol
MayorBowser Return to work for what? DC Government doesn’t even pay for their employees to get to work. DC has a 7.5% tax on income. Maybe lower that, apartment prices and housing prices & people may want to live in DC.
Don't end Federal work from home because this affects others in the federal government, not just the DC area
Really? DC stinks of pot all the time; is overrun by crime; and, has nightmare traffic stealing hours in commute time (adding pollution). Rather than solve problems so people WANT to work there, they're asking the Pres to compel folks (many concerned about COVID) to return? Sad.
She should ask Joe to close the southern border. But she won’t all she can see is her problems, not the big picture. Typical democrat. So. She will blame the new congress.
Damn these democrats want to enslave us!! End work from home? Why? Just turn those buildings into new homes and work from there
those buildings belong to the people. she can't have them unless she pays cash for them
Good thinking..
MissBeaE LOL. No.
The Covid insanity must end. At this point Covid is no more potent than the flu. Enough!
And I thought she was concerned about the environment and pollution. Yet, she wants many federal workers to commute 2+ hours per day so that she can have her tax base back. Typical…
The federal government owns or leases 70,000 empty buildings.
🤣😂🤣😂🤣😂🤣😂🤣😂🤣
Pissing contest=pres wins.
Alicia_Smith19 Yes! Turn over all government buildings to The People!
alaskarebel Ending WFH is an awful idea - the fewer people driving fume-emitting vehicles and clogging our motorways, the better. Noooope
Bye Muriel
Am I allowed to call someone retarded or is that not allowed?
LOL. Comedy!!!!
Sounds like a plan
People who have been vaccinated are still getting COVID. Their symptoms are mild or none at all. Work-from-home is safe. Keeping children who are too young for vaccines safe. Slowing the spread.
I live in a beautiful converted office building built in 1925. The problem is it’s a commercial area with all the noise. The deliveries, trash pick up etc. all through the night make it impossible to sleep here. It’s not a neighborhood it’s a commercial area with that mess.
Q: Who provides the DC government a huge chunk of money so the Mayor can run the city? Isn’t the Mayor “biting” the hand that feeds her?
Wow