Commercial Buildings become Residences Phoenix, AZ

Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

With each type of housing trend, whether it's a down turn in the economy or increased demand, changes take place to fill a need.  Currently, there are vacant commercial buildings, thanks to the pandemic and a shift in retail spaces.   Vacant spaces are a blight in a community and are non-producing without revenue streams to produce a livelihood.  


The shift from visiting a store to ordering online increased dramatically thanks in part to the pandemic.  If there is one thing that the pandemic has taught us, it's how to fill a need quickly without leaving our homes.  Amazon, Walmart and grocery stores became the click of the day as we ordered what we needed without physical contact.  


Due to this change from the buying public many retail leases were vacated, workers are now working from home,  leaving empty buildings.  But that's changing in the Phoenix area! 


A new company is transforming 3 commercial buildings into residential spaces, called "Northern Apartments."  This transformation comes at a time of dire need for housing.   This is a way of using existing buildings without having to create new construction from the ground up.  Remember, the greenest building is the existing building as the carbon footprint for that building is already at that address. 


Northern Apartments will rent for $2 a square foot with 38 apartments located at the intersection of 31st and Northern Avenues.  The project is being completed by We Build Res.  These apartments are expected to be completed in 2023.   For more information, visit their website



If you're in need of buying or selling a home in the Phoenix area, contact me! 




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Comments (7)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Jan - adapting and adjusting has always been a part of life.  It makes sense that real estate should follow.  

Aug 08, 2022 02:02 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

That's so true Michael Jacobs  - I guess that's why they call the remodeling process for commercial "adaptive reuse!"  Thank you for commenting.  I'll have to visit this site and follow their progress.  

Aug 08, 2022 02:22 PM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Some of the most enjoyable cities I have visited are those that refurbished existing rather than tear down and build new.  Good info here.  Mark

Aug 08, 2022 03:29 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Jan- I've seen this happen in Houston and Larry's daughter's first condo was in an old bank building. better that than being demolished. 

Aug 08, 2022 08:00 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jan - that's it!  Transform those non producing building into beautiful residences.  That will certainly sold two problems.

Aug 09, 2022 03:36 AM
Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

That is fantastic news. We have a need for rental properties here, and I wonder if we have any vacant buildings that might work.... hmmmm

Aug 09, 2022 05:40 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Very true Mark Don McInnes, Sandpoint-Idaho ! It's great to see those buildings reinvented and companies prosper!  Thank you for commenting!

Very cool Kathy Streib !  My hometown warehouse district has been transformed into restaurants, meeting places, bars and entertainment venues.  So cool to see those buildings being utilized again and prosper!  Thank you for commenting!

Amen to that Grant Schneider !  Love the thought of a building being used and not left vacant.  Thank you for commenting! 

Definitely a good idea Kat Palmiotti , especially when city zone codes are relaxed to allow for quicker conversion.  Might be worth investigating in your area?!  Thank you for commenting!

Aug 09, 2022 06:35 PM