A lot of office buildings, especially the ones that are less desirable were built with about an 11 foot floor to floor height. When you get in your big ducts and everything you need for an office building, the full ceilings, you end up with about eight feet clear. People sat in an eight foot office space generally don't like it feels very dark and low. You go taller than that and good office space might have 14 feet floor to floor and you'll end up with a 13 foot six residential ceiling.
Industry experts agree: Converting unused office towers to residential buildings is great in theory, but a moonshot to pull off. Despite the grab bag of obstacles that make these projects so difficult, the developer and office landlord Hines is getting in on the action. The Real Deal breaks down how Hines' Salt Lake City project pencils out and what it signals about the right building for the job.
Guests: Steven Paynter, studio director at Gensler's Toronto office; Dusty Harris, senior managing director of Hines' Utah and Oregon investment activity.