We've done office conversions in Chicagoland; Eugene Flotteron did the biggest one in U.S. history, so we asked him what everyone else gets wrong👇
Pulling Off the Largest Office-to-Residential Conversion In History With Eugene Flotteron - RFP 103
Talking to him, you learn that there's hidden value everywhere in the office market.
What we cover:
- How 25 Water Street became the largest completed office-to-residential conversion in the US
- Cutting courtyards, replacing facades, and adding 10 stories to make the deal pencil
- New York's 467-M tax abatement and why developers are racing its June 2026 reduction
- How City of Yes threw gasoline on the adaptive reuse market
- The studio home office: the unit type beating one-bedroom comps by $500 to $600 a month
- The amenity wars: pools, pickleball, bowling alleys, and 100,000 square feet of found space
- Eugene's conversion checklist: overbuilt FAR, light exposure, floor depth, and efficiency targets
- Which building eras have good bones and which are traps
- Why conversions are going national and what other cities must fix to compete
- Public-private partnerships and the future of urban redevelopment
If you're interested in office conversion, this podcast is a must-watch 👇