Story perspectives

Boston's Bold Plan: 1 Million Sq Ft of Offices to Homes

9/6/2025

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Summary

Story summary

Boston Mayor Michelle Wu initiated an Office-to-Residential Conversion Program in 2023 to combat housing shortages.
The program provides tax deductions up to 75% for converting office buildings into residential units.
Residents have begun moving into 281 Franklin Street, the first completed project, with more units underway.
With a 20% office vacancy rate, Boston anticipates a rise to 30% post-COVID-19.
The city aims to convert one million square feet of office space into housing by 2026.

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Story summary

Boston Mayor Michelle Wu initiated an Office-to-Residential Conversion Program in 2023 to combat housing shortages.
The program provides tax deductions up to 75% for converting office buildings into residential units.
Residents have begun moving into 281 Franklin Street, the first completed project, with more units underway.
With a 20% office vacancy rate, Boston anticipates a rise to 30% post-COVID-19.
The city aims to convert one million square feet of office space into housing by 2026.