LA City Council Expands Adaptive Reuse Policy To Entire City

Adaptive Reuse Has Created Lofts And Other Housing In The Arts District, Downtown And A Handful Of Other La Neighborhoods So Far.

The Los Angeles City Council this week voted to expand the adaptive reuse ordinance to apply citywide in a move aimed at making it easier to convert vacant offices into much-needed housing.

The new ordinance repeals the city’s existing Adaptive Reuse Incentive Areas Specific Plan, which had kept conversions confined to areas of the city including Downtown, Chinatown, Hollywood and Koreatown.

It also broadens the age of the buildings that can be considered for adaptive reuse to those at least 15 years old and allows more projects to receive approvals by right, the Los Angeles Daily News reported.

Some developers have been quick to dismiss the feasibility of adaptive reuse without massive monetary incentives to make the numbers work, while others have said that sale prices for LA simply haven't dropped low enough yet to make sometimes costly conversion projects pencil out.

But others, especially those with a track record of doing these projects, have eagerly awaited the approval of this ordinance.

The updated rules have been in the works since 2023, but those working in adaptive reuse have said it could open doors for more projects, which would help move the needle in the city's efforts to increase its housing supply.

Conversions of offices to residential could yield an estimated 4,400 homes, a RentCafe report from February found.

The expanded adaptive reuse rules stand on the shoulders of the city's 1999-era rules, which facilitated the creation of more than 12,000 housing units in Downtown and are largely credited with kick-starting Downtown's switch from a business district to a place where white-collar workers linger and even live.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Owner Lands $67M Loan To Renovate Apartments On Revere Waterfront

JBG Smith Says Loss Is Improbable From $356M Wardman Tower Ruling

USA Properties Fund, Irvine Co. Break Ground On 338 Tustin Apartments: The Los Angeles Deal Sheet

Global Ad Agency Innocean Leases 101K SF At Hackman El Segundo Campus

Orders To Vacate On The Rise, Leaving Tenants With No Home, No Timeline

Fannie Mae Latest Lender Suing Alan Stalcup To Collect 'Bad Boy' Guarantee

Chicago's Apartment Pipeline Is Slowing, But This Lender Bets On Rehab Instead

$1.1B Loan To Hudson Pacific, Blackstone Moves To Special Servicing

Post Brothers Looks To Sell 2 Philly Apartment Buildings

The World Cup Boosted LA Hotel Rates. Occupancy Barely Budged

Pablo Castro's Lawyers Quit HueHub Suit, Citing 'Irreconcilable Differences'

Tishman Speyer Makes Charlotte Debut With $76.3M Apartment Buy