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But conversions alone in New York and elsewhere are unlikely to bring again complete downtown neighborhoods, nor will they automatically put a dent in the affordable housing crisis. In a March report, CBRE discovered that office-to-home conversions solely represented about 1% of latest multi-family tasks and that, despite the hype, that “there’s no evidence” they’ve significantly increased. A key piece of that plan is to rezone elements of midtown Manhattan which at present solely enable office and manufacturing spaces. But with vacancy charges at downtown office buildings persevering with to rise, from 12.2% within the fourth quarter of 2019 to 17.8% within the first quarter of 2023, based on the actual estate firm CBRE, there’s an urgency to do one thing.
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out for that objective, and succeeded in shocking the British early
Elizabeth Town, and commenced the work of plunder and destruction. More than sixty Kentuckians were slain on this battle; amongst whom