The push to renovate empty or underused commercial properties for residential and mixed-purpose uses is gaining momentum as authorities step in to make that process easier for developers, property owners and facilities managers.
Building industry experts believe that the U.S. Department of Housing and Urban Development’s research grant for commercial-to-residential conversions could accelerate the completion of such projects, which a number of major cities are looking to spur. The HUD initiative could also alleviate burden for operators on the ground, boost productivity and give them a seat at the table.
Read more at Smart Cities Dive.