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Fireside Chat

31 Milk St Case Study

Scott Oran
Active 110 Unit Conversion Project

Scott Oran

Managing Partner

Dinosaur Capital Partners

Bethany Moody

Bethany Moody

Senior Project Manager

ICON Architecture

Scott Oran

Active 110 Unit Conversion Project

Dinosaur Capital Partners

Mr. Oran is a Managing Partner and Founder of Dinosaur Capital Partners with over 35 years of local, national and international real estate experience.

Previously, Mr. Oran served as Executive Director of Morgan Stanley where he was responsible for its real estate investing activities in New England and the Mid-Atlantic United States, including acquisition and planning of 26 acres in the Boston Seaport. Earlier in his career, he was Partner and Regional Director of TA Associates Realty, Vice President of Fleet Bank in Boston where he managed an REO portfolio, and Director of Acquisitions for Unihab, a Cambridge-based real estate developer. He began his career at Booz, Allen & Hamilton, the management consulting firm. Mr. Oran graduated from Harvard Business School and Princeton University.

From 2011 to 2016, he was a Director and Trustee of Granite REIT, a $2 billion NYSE-listed real estate company. From 2011 to 2020, he was Chair of the Board of Brooke Charter Schools, a high-performing public charter school network in Boston, MA. He is currently Trustee and former Treasurer of the non-profit Commonwealth Shakespeare Company. He was formerly a Trustee of the Benjamin Franklin Institute of Technology. From 2001 until 2011, he was on the board of NAIOP Massachusetts, the Commercial Real Estate Development Association.

Bethany Moody

Senior Project Manager

ICON Architecture

Bethany Moody, AIA, is a Senior Project Manager at ICON Architecture and a team leader focused on adaptive reuse and historic tax credit projects. During her 12 years at ICON, she has helped transform historic and underutilized buildings throughout Greater Boston into vibrant residential communities through occupied rehabilitation, historic tax credit use, and complex conversion projects. Her experience includes notable adaptive reuse projects such as The Coyle School Residences, Radio Factory Lofts, and the Milk Street Office-to-Residential Conversion, where she has worked closely with developers, consultants, and public agencies to navigate the technical, regulatory, and preservation challenges of transforming historic buildings into successful residential communities. Passionate about unlocking the potential of existing structures, Bethany is dedicated to creating projects that strengthen communities, expand housing opportunities, and honor architectural heritage. She holds a Bachelor of Architecture from Penn State University.

Office-to-Resi Conversions

A DiscussionFrom Feasibility to Execution

John Weil
Overseeing 1.5k prospective units for conversion

John Weil

Head of Office-to-Residential Conversions

City of Boston

Ryan Chamberlain
Approved 255 unit conversion project

Ryan Chamberlain

VP

Synergy

Nicolas Giannone
Proposed Largest Conversion in Boston - 478 Units

Nicolas Giannone

Project Manager

Vanbarton Group

Philip Sima

Philip Sima

Founder

Balance Architects

Brooks McDaniel

Brooks McDaniel

SVP, Building Repositioning

STO Building Group

Jack Robbins
Moderator

Jack Robbins

Vice President

Evolution Sustainability Group

John Weil

Overseeing 1.5k prospective units for conversion

City of Boston

John Weil is Senior Program Manager for Downtown Conversions at the City of Boston Planning Department, leading Mayor Wu’s new program converting underutilized office into new residential in the CBD. He is a real estate professional with proven skills and experience in office-to-residential conversion, life science lab development, mixed-use projects, and capital markets. Having previously worked for Longfellow Real Estate Partners and Cottonwood Management among others, his strength is finding unique solutions for investing and innovating in commercial development by re-envisioning traditional opportunities for today’s market. John graduated from

the MIT Center for Real Estate, the MIT Sloan School of Management, and Bowdoin College.

Philip Sima

Founder

Balance Architects

Philip Sima is the founder and Principal of Balance Architects, a Boston-based architecture firm with deep expertise in converting distressed and underutilized commercial properties into viable residential and boutique hospitality projects.

Phil’s adaptive reuse work began with the conversion of the former Lynn Daily Item headquarters at 38 Exchange Street and continued with projects such as The Monty, an office-to-residential conversion initiated before the City of Boston launched its Downtown Residential Conversion Incentive Pilot Program. Balance went on to design the first project permitted, approved, constructed, and occupied through Boston’s conversion program.

Today, Phil and Balance Architects are working on five conversion projects pursuing historic tax credits and other public incentives. Through this work, Phil has developed a practical understanding of what makes adaptive reuse projects succeed—from evaluating floor plates and existing building constraints to layering historic tax credits, conversion incentives, and other programs that can turn a challenging asset into a financially viable development.

His approach focuses on finding the delicate balance between preservation, intervention, construction cost, and marketability: understanding what must change, what should remain, and how to avoid over-renovating a building while still creating a successful residential or hospitality product.

Brooks McDaniel

SVP, Building Repositioning

STO Building Group

As Senior Vice President of Building Repositioning, Brooks McDaniel provides overall direction and leadership to STOBG’s Building Repositioning Group. He works closely with the NYC-based executive leadership for Pavarini McGovern and Structure Tone to develop long-range strategic plans to help establish STOBG as an expert in building repositioning, particularly in the NYC market, as well as work with leadership across the organization to best leverage the company’s expertise in this important sector.

Brooks was previously Vice President of Design & Development at Extell Development

Company, where he was responsible for the design of millions of square feet of residential,

commercial office, hotels, retail, and educational buildings. Prior to working at Extell, Brooks

was a project director at SHoP Architects in New York, where he worked on various cultural,

residential, and institutional projects. Earlier in his career, he also worked as an architect at

Asymptote Architecture, Davis Brody Bond, and Roger Ferris & Partners. A registered architect, Brooks earned undergraduate degrees in management and in marketing from Lehigh University and a master’s of architecture from Parsons New School in New York.

Jack Robbins

Vice President

Evolution Sustainability Group

As Vice President of Sales, Jack is responsible for the overall framework and management of Evolution’s go-to-market strategy. With a history in Commercial Real Estate Management and a passion for sustainability, Jack’s focus at Evolution is to find creative approaches to improve corporate bottom-line performance through energy conservation measures, energy risk management, and ESG Solutions.

Modernizing Boston’s Aging Assets

Adaptive Reuse, Preservation, Structural & Systems Upgrades:

Elizabeth Sherva
Landmarked 7 Historic Structures Within City Limits

Elizabeth Sherva

Deputy Director, Historic Preservation

City of Boston

Rebecca Kemper
Preservation Achievement Award for St. Luke's Chapel restoration

Rebecca Kemper

Executive Director

Historic Boston

Vince Pan
Architect Magazine Top 50 architecture firm in the United States

Vince Pan

Principal

Analogue Studio

Ian Neill

Ian Neill

Principal Structural Engineer

LeMessurier

Elizabeth Sherva

Landmarked 7 Historic Structures Within City Limits

City of Boston

Elizabeth Sherva is the Deputy Director of the Office of Historic Preservation. She also serves as the Executive Director of the Boston Landmarks Commission.

Prior to her arrival at the City, Elizabeth was Deputy State Historic Preservation Officer and Director of Architectural Review at the Massachusetts Historical Commission (MHC). During her 14 years at the MHC she collaborated with all divisions of the agency, including Preservation Planning, Archaeology, and the Massachusetts Preservation Projects Fund. As Director of Architectural Review, she reviewed and commented on thousands of state and federal projects being reviewed under state and federal historic preservation laws. She also oversaw the Massachusetts Historic Rehabilitation Tax Credit program and coordinated the Federal Historic Preservation Tax Incentives projects with the National Park Service (NPS).

Elizabeth volunteered with the Roslindale Village Main Streets where she served on the board of directors for nine years. While on the board she focused her time working to save and successfully redevelop the 1911 Roslindale Substation.

Elizabeth received her M.A. degree in Preservation Studies from Boston University, and her B.A. degree in Environmental Studies from Gustavus Adolphus College in Minnesota. Originally from Minnesota, Elizabeth and her husband Rick moved to Roslindale in 2008. They have two children who were born in Boston and call themselves Bostonians. In her spare time you will find Elizabeth shopping at the Roslindale Farmers Market, coaching softball, or volunteering at one of the schools her children attend.

Vince Pan

Architect Magazine Top 50 architecture firm in the United States

Analogue Studio

Vince Pan founded Analogue Studio in 2011 and has built an interdisciplinary practice devoted to transforming existing buildings alongside long-term clients. Analogue Studio works closely with universities, developers, and operators to adapt their building portfolios to evolving needs. The alignment between design and business objectives is nurtured over time: most clients have been with the firm for over a decade. Before starting Analogue Studio, Vince designed everything from performing arts venues to research labs, and draws on that experience to apply proven ideas from one building type to another.

Ian Neill

Principal Structural Engineer

LeMessurier

Ian Neill is a Principal Structural Engineer at LeMessurier, with extensive experience supporting complex commercial real estate development and repositioning projects throughout the Boston market. He has played a key role in renovations, repositioning efforts, additions, and upgrades to existing buildings, helping owners and project teams navigate the challenges of modernizing aging assets. His experience includes One Post Office Square, a transformative renovation and expansion of an occupied downtown Boston office tower. Across projects ranging from targeted capital improvements to large-scale redevelopments, Ian has seen firsthand how modernization strategies can extend asset life, improve competitiveness, and help owners adapt buildings to changing market demands.

Why You Should Attend This 2026 Boston Building Upgrades and Conversions Event

What You’ll Learn:

  • How many of Boston's 26 active office to residential conversions are already under construction or complete?

  • How can an experienced project team help developer's tackle adaptive reuse projects successfully?

  • How much of a project's total development cost can the state's Commercial Conversion Tax Credit offset?

  • Why does core to window distance still decide whether a floor plate can support real bedrooms?

  • How are owners sequencing MEP, elevator and facade work without displacing existing tenants?

  • What challenges lie with conversions? Which types of properties are easy and cost- effective to convert?

  • How can developers leverage federal tax credits to preserve and renovate historical buildings?

  • What best practices and lessons can be learned from industry experts about successful adaptive reuse projects, when it comes to project planning and execution?

How You'll Do More Business: Analyze the opportunities available to provide more housing through converting assets. Learn about the positive long-term impact that converting assets has on neighborhood and business growth and overall building valuations. Hear from experts on design as well as building strategies that won’t break the bank when taking on these projects.

Who Attends: Boston’s policy makers, city officials, investors, owners, developers, lenders, brokers, occupiers, planners, architects, designers, consultants and advisors.

Why You Should Attend: Bisnow events bring together the biggest power players in the industry to identify opportunities, build your network, and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than us.

For questions regarding content, speaking, and sponsorship opportunities, please email our Northeast Event Producer, Joshua Piquion, at joshua.piquion@bisnow.com. To request disability-related accommodations, please contact audrey.sullivan@bisnow.com no later than seven business days prior to the event.

Agenda

Time Activity
8:30 AM
9:30 AM
Coffee, Breakfast & Networking
9:30 AM
10:00 AM
Fireside Chat: 31 Milk St
10:00 AM
10:45 AM
Office-to-Resi: From Feasibility to Execution

1.) Explore how developers sequence permitting, design and construction to move a deal from application to occupancy.
2.) Understand how Boston's tax abatement, state tax credits and zoning combine to close financing gaps.

10:45 AM
11:30 AM
Structural & Systems Upgrades: Modernizing Boston’s Aging Assets

1.) Understand how rising material and labor costs are reshaping capital improvement budgets and timelines.
2.) Explore how owners weigh near term repair costs against the long term value of full modernization.
3.) Explore how strategic upgrades can extend a building's competitive life.

11:30 AM
11:45 AM
Closing Networking

Venue

The Westin Boston Seaport District - Marina Ballroom I-IV
425 Summer St
Boston, MA 02210

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Tickets

General Admission

$145.00 /ticket

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