Real Estate

Mitch Korbey, chair of Herrick's Land Use team, was quoted in The Real Deal in an article discussing how New York state has tweaked its proposal for the conversion of offices and hotels to housing, limiting which buildings would be eligible.

The article states "[Mitch Korbey] said the discussion of recycling existing building stock, especially to create affordable housing and help the city recover, is important. But he said several issues need to be addressed by the city and state."

Mitch is quoted as saying, "The question really is, how best to vet these ideas and how best to assess their impact? What does it mean for density levels if a building can just create hundreds of units in a former office building? If you can, what does that say about the ability of the local infrastructure to handle it?"