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ARTICLE · 16 OCTOBER 2024

State Of Conversion: Update On Adaptive Reuse And Conversion Legislation

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Earlier this year, our article in the Spring 2024 issue of NAIOP Commercial Real Estate Development Magazine touched on some of the challenges of and tools for adapting underutilized commercial spaces and property for residential redevelopment

United StatesReal Estate and Construction
Brooke Miller
Brooke Miller
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Earlier this year, our article in the Spring 2024 issue of NAIOP Commercial Real Estate Development Magazine touched on some of the challenges of and tools for adapting underutilized commercial spaces and property for residential redevelopment, including California state laws such as Senate Bill (SB) 6, the "Middle Class Housing Act of 2022" and Assembly Bill (AB) 2011, the "Affordable Housing and High Road Jobs Act of 2022."

As we noted, there are many benefits of reusing existing structures in urban areas, including reductions in emissions from demolition and new construction and revitalization of existing underutilized commercial properties. In light of the ongoing housing crisis, reuse of existing nonresidential structures for residential development can be more cost- and environmentally- efficient, with a quicker development timeline and less community opposition. On the other hand, depending on the design and condition of the existing structure, some adaptive

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