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Updated almost 2 years ago, 03/25/2023
DORMITORY - Allowed in Sacramento?
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. :(