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Published 1 year ago

Portland city council passes ordinances to help transition offices to housing

Summary by Ground News
Portland City Council unanimously passed a pair of incentives aimed at spurring residential development in downtown Portland. One incentive exempts office-to-residential building conversions from having to pay system development charges. Another incentive will technically lower the seismic improvement standards for buildings being converted from office buildings into multi-unit residential buildings.

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The Business JournalsThe Business Journals

Portland adopts incentives to convert offices to homes, but doubt remains

The approvals come after months of work.

1 year ago·United States
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KOIN 6KOIN 6

Portland city council passes ordinances to help transition offices to housing

PORTLAND, Ore. (KOIN) -- Two new ordinances approved by the Portland City Council are seeking to get more people to live full-time downtown as well as make the transition from office to housing more viable. According to a release by the city, vacancy in Portland's central business district is up almost 26%, and that rise is expected to continue. Mayor Ted Wheeler shared that these ordinances came in an attempt to make converting office space mor…

1 year ago·Portland, United States
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OPBOPB

Portland City Council approves incentives to help convert office buildings into apartments

Portland City Council voted Wednesday to pass incentives for developers interested in converting commercial spaces into residential property.

1 year ago·Portland, United States
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KATUKATU

Portland City Council approves ordinances to easier convert empty offices into housing

Portland City Council approved two emergency ordinances Wednesday that will make it easier to convert empty office spaces into housing.The ordinances are part o

1 year ago·Portland, United States
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Portland MercuryPortland Mercury

Portland City Council Approves Incentives for Office-to-Apartment Building Conversions

Developers say that the tricky redevelopments may still be too cost prohibitive. by Isabella Garcia Facing a housing crisis and a sluggish downtown economy, Portland City Council is aiming to incentivize developers to convert vacant office buildings into residential apartment complexes by waiving up to $3 million in fees and relaxing seismic requirements. On Wednesday, City Council unanimously passed two of what they say is just the beginning of…

1 year ago
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Portland, OregonPortland, Oregon
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