The dream of turning empty office blocks into apartments appears over. What went wrong?
Strict planning rules and soaring refit costs are deterring landlords and developers, amid calls for government intervention to alleviate housing crunch Two years ago, state and local governments pushed to fast-track conversions of near-empty offices into much-needed apartments to alleviate a housing crunch. The promised panacea never eventuated. Momentum to create homes out of empty … Read more