Sub Markets

Property Sectors

Topics

Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Boston & New England  + Boston  + Apartments  | 

Boston Extends Office-to-Residential Conversion Program

The City of Boston’s Office to Residential Conversion Program has been extended ahead of its scheduled expiration at the end of this month. The program, which formally launched in October of 2023, has received 22 applications to convert 1.2 million square feet of office space across 27 buildings into 1,517 new homes, including 284 income-restricted units, exceeding initial city goals.

Four projects totaling 236 units are currently under construction, and one of the first buildings to apply for the program, at 281 Franklin St. with 15 units, has already been fully tenanted. A total of 251 units are either under construction or completed. The Planning Department officially recommended and received approval for the extension of the program at the December BPDA Board meeting. 

“As Boston continues to take action to drive down housing costs, the Office to Residential Conversion program is critical to building a more affordable Boston for all residents,” said Mayor Michelle Wu. “By expanding the program and building a pipeline of over 1,500 new units of housing, we are building the foundation for a stronger and more vibrant downtown and neighborhoods.”

Connect

Inside The Story

Mayor Wu's office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Policy/Gov't