wbjournal.com | April 6, 2026 | Worcester Business Journal 9
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REAL ESTATE INSIDER
Mass. needs to better incentivize adaptive reuse
Massachusetts must add 222,000 homes by 2035 in order to meet the growing
demand for housing, according to The Massachusetts Executive Office of Housing and
Livable Communities. In Central Massachusetts, a number of developers are adapting
older buildings into apartments, including the conversion of the former Fallon Health
headquarters in downtown Worcester into 198 apartments and a Fitchburg office
building into 35 apartments.
Should Massachusetts increase
incentives to convert older
buildings into housing?
52% Yes, adaptive reuse preserves buildings and the character of
the community.
28% Yes, Mass. needs to incentivize all types of new housing.
14% No, the market should dictate what housing gets built,
without incentives.
5% No, the current incentives are enough already.
1% No, it's easier to tear down buildings and build new ones.
