Boston expands office conversions to include dorms

🏙️ Mayor Michelle Wu expanded Boston's office conversion program to include dormitories for students or workers.

• The expansion waives the city's 20% affordable housing requirement for developers building student or employer-sponsored housing.
• City Hall received 15 applications to convert 20 office buildings into nearly 800 housing units.

🏢 New York Life put its 11-story One Bowdoin Square office building near Government Center up for sale.

• The 141,800-square-foot building, last sold for $61.8 million in 2016, could now fetch about half that price.

💸 A vacant retail and office building at 399 Washington Street in Downtown Crossing sold for $13 million — 80% less than its $63-million sale price in 2017.

• The ground floor has been empty since Barnes & Noble left in 2006.

🏗️ Suffolk Construction promoted Patrick Lucey to general manager of its Northeast region after his 20 years with the company.

• He led projects including the Mandarin Oriental, Millennium Tower and Encore Boston Harbor.