Converted to a Lesser Purpose: Why Residential Transformation Is Costing Mill Buildings Their Greatest Economic Potential
The race to convert America's historic mill buildings into residential units has produced attractive lofts and compelling lifestyle narratives—but may be systematically destroying the very economic engines these structures were built to sustain. A growing body of evidence suggests that buildings which resisted full residential conversion are quietly outperforming their transformed counterparts in long-term return, tenant quality, and neighborhood economic impact.