Financial District Offices Slated for New Residential Conversion
A mostly-vacant office building in Boston’s Financial District is the latest to join the city’s incentive program encouraging residential conversions.
A mostly-vacant office building in Boston’s Financial District is the latest to join the city’s incentive program encouraging residential conversions.
Boston is at a critical juncture as it faces a growing housing shortage alongside an abundance of underutilized office space. But the scale of conversions here has, so far, been underwhelming.
Gov. Maura Healey today announced a pool of $15 million that would give developers $215,000 for each income-restricted unit in office buildings converted into housing.