The ULI Los Angeles Innovation Council hosted the event, titled Shark Tank: Adaptive Reuse, which gathered industry experts to discuss innovative strategies for adaptive reuse in Los Angeles. Leigh Christy, FAIA, a principal in our Los Angeles studio, co-director of Firmwide Research, and co-chair of the ULI LA Innovation Council, served as an organizer and moderator. Her opening presentation, built on our internal research and work done in the last year and a half by the Council, framed the focus for the evening’s discussions.
The event featured a lineup of presentations from leading professionals, including Karin Liljegren from Omgivning, Daniel Kim from Arup, Deborah Richmond from Deborah Richmond Architecture, and Russell McLellan from John A. Martin and Associates. The speakers presented on the multifaceted challenges and opportunities associated with adaptive reuse, including design innovations, new financial models, and emerging technologies. Christy and her fellow moderators, Matthew Thompson of Symmetric Properties, Le Nguyen of Beleza Designs, and Robert Shmerling of Walt Disney Imagineering, guided the discussions, emphasizing the creative nature of successful adaptive reuse projects.
The panel of “Sharks,” including Tom Gilmore from Tom Gilmore and Associates, Justin Weiss from Kennedy Wilson Brokerage, Lina Lee from CIM Group, John Needell from Kairos, and Leandro Tyberg from Primestor, provided critical feedback on the feasibility of the proposed strategies. The group explored several solutions for overcoming the mechanical, structural, and regulatory challenges inherent in converting office spaces into residential units. Through the discussion, all participants shared insights on navigating the complex process of conceptualizing and financing adaptive reuse projects.
Leigh highlighted the significance of adaptive reuse in Los Angeles, noting, “Adaptive reuse not only revitalizes underutilized properties but also aligns with broader goals of sustainability—especially whole-life carbon reduction—and community resilience. To execute at scale requires innovative thinking and a willingness to challenge traditional approaches across the board. We can do this. We need to do this.”
The event concluded with a discussion on the future of adaptive reuse in the city, including potential policy shifts and reformed financial programs. The Shark Tank: Adaptive Reuse event provided a platform for sharing knowledge and strategies, underscoring the importance of adaptive reuse in addressing the city’s housing and environmental challenges. It marked a significant step in the ongoing dialogue about sustainable urban development in Los Angeles.
The ULI Los Angeles Innovation Council plans to host more events investigating adaptive reuse in the near future.