Office-to-Residential Conversions Gain Momentum in Chicago
The trend of office-to-residential conversions continues in Chicago, driven by remote work and high housing demand. Adaptive reuse projects are transforming outdated office spaces into apartments, bringing new life to underutilized buildings and contributing to the city's housing stock. This shift addresses the challenges of a changing commercial real estate market while providing much-needed residential options, particularly in downtown areas. For example, the conversion of the 37-story 100 N. LaSalle St. is expected to yield approximately 430 apartments, showcasing the scale and potential of this ongoing urban revitalization strategy.
