LNR Partners Eyeing Boston Office-to-Residential Conversion

LNR Partners, the new owners of Bostons Park Square Building, are considering a major redevelopment after purchasing it for $95 million just two months ago. The building, currently at 36% occupancy with short leases, has significant redevelopment potential, with plans potentially including apartments. This move aligns with Bostons trend of converting offices to residential spaces, which offers tax breaks and faster approval processes. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/dd76a2d9c8317000