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Our focus is the adaptive reuse of commercial properties to create needed housing.

We believe in using what already exists and adding value to underutilized structures.

OUR PROCESS

Ornate old 19th century office buildings in Tribeca district of New York City

UNDERUTILIZED PROPERTY

We identify a property that is vacant or underperforming in its current state, but has potential for a change of use.

Improvement construction work in huge white office.

ENTITLEMENT AND RENOVATION

We work with the local government to entitle the property for its highest and best use. Then, we manage the renovation and conversion of the property.

springfield-ma-downtown

PERFORMING PROPERTY

Housing and amenity space is created. The property is leased to residents and users, becoming a valuable addition to the community.

Our Founder

ABOUT Paul Bongiorni

Paul is the founder of Inhabit Properties and has held a variety of roles in real estate.

Paul has managed numerous commercial sale and lease transactions as a licensed real estate broker in Massachusetts and Connecticut, including several adaptive reuse projects. He has purchased and rehabbed residential properties in the Springfield area, and currently manages several portfolios of residential and commercial investments.

Paul also has experience in renewable energy and green building practices as a solar consultant. He holds the LEED Green Associate credential from the US Green Building Council. He’s a member of the Massachusetts and Connecticut chapters of the US Green Building Council, as well as the Urban Land Institute.

In his free time, Paul enjoys spending time with family and friends, getting outdoors, and exploring New England in any way possible.

Paul-Bongiorni

"There’s ample precedent for adaptive reuse as an engine of urban revitalization."

 
Henry Grabar
"Could Your Empty Office Turn Into Apartments?"
4/20/2021

"In the United States, we have seen a resurgence of urban city centers where old structures are reconfigured for new purposes. Old churches are turned into condominiums, old banks into restaurants, and old markets into modern-day grocery stores."

 
Cynthia Campbell
Adaptive Reuse of Historic Buildings
U.S. Department of Housing and Urban Development's (HUD's) Office of Policy Development and Research (PD&R)
PD&R Edge Magazine 
7/23/2018

"...if just 20% of the vacant square footage is converted into housing at average size of 1,000 square feet per unit and with 20% common area, 43,500 housing units can be created from the conversion of vacant office space in 22 markets..." 

 
National Association of REALTORS
Research Group
"2021 Analysis and Case Studies on Office-to-Housing Conversions"
11/2021
page 11

"While office buildings are more plentiful than hotels in the most desirable areas, conversion can be cheaper than new construction. At the same time, social benefits can make such conversions worthwhile, including access to jobs and public transit and increased housing affordability."

 
"Hotel, office conversions could be housing pipeline: Study"
The Real Deal
TRD Staff
4/7/2022