The Future of Aging Office Buildings

Posted: by

Transit-served locations, less parking and affordability in urban centers are behind the successful recycling of offices into residences and other uses

Walking past the Octave 1320 on Fenwick Lane in Downtown Silver Spring, it is hard to imagine that not too long ago, this glimmering, 102- unit condominium housed vacant offices and a greasy spoon eatery in its basement. The transformation of the 10-story building, developed by Promark Real Estate Services of Rockville and designed by Washington, DC-based BKV Group, is impressive and likely to become the norm rather than the exception in Montgomery County’s urban centers. Several factors are influencing such conversions of aging office structures to other uses:

Our downtowns are mostly built up with high density … Continue reading