Washington Mayor Muriel Bowser is calling on Pres. Biden to either end work-from-home policies for government employees or turn over vacant government buildings in the city for housing.
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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bowser Pledges To Almost Double Number Of People Living In Downtown D.C. Over Next Five YearsMayor Muriel Bowser pledged Monday to add 15,000 new residents to downtown D.C. over the next five years, in a bid to revive the city’s “economic engine.'
Read more »
DOJ hiding hundreds of Hunter Biden, James Biden records, lawyer claimsA Colorado lawyer claims the Justice Department is trying to conceal hundreds of “potentially responsive” documents about gifts received by Hunter Biden and his uncle James Biden from C…
Read more »
How 18-Year-Old Jaylen Smith Became the Country’s Youngest Black MayorThe 18-year-old mayor of Earle, Arkansas may not have a lot of experience under his belt, but that might be exactly what his city needs.
Read more »
Over 500 Homicides in Mayor Kenney's Philadelphia During 2022There were over 500 homicides in Mayor Jim Kenney’s (D) Philadelphia in 2022, making 2022 the second consecutive year that the threshold of at least 500 homicides has been reached.
Read more »
Cleveland Mayor Justin Bibb’s first year in office: Some wins, some snags, and lessons learned'Sometimes when you move fast, you’ve got to take two steps back. So building more time for me and my leadership team to reflect and to get feedback around critical decisions is, I think, one of the important early lessons.” - Bibb
Read more »