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Updated almost 2 years ago on . Most recent reply

User Stats

467
Posts
381
Votes
Noah Laker
  • Real Estate Broker
  • Sacramento, CA
381
Votes |
467
Posts

DORMITORY - Allowed in Sacramento?

Noah Laker
  • Real Estate Broker
  • Sacramento, CA
Posted

Hey BP,

I'm a local broker, investor, and Airbnb PM (~120 listings). 

Some partners and I are very interested in "adaptive reuse" and converting old commercial / industrial property for residential use. 

Can it be done? We've seen big players like Vivo Living doing this across the country with big multifamily projects. I was thinking about something smaller, 4000-6000 sqf, and creating a dormitory... think college-style or hostel. Lots of community space and amenities. Onsite property management. 

Who knows a great architect? I've spoken with a few and so far none have ever successfully completed one of these projects. :(

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