“Trying to convert the existing infrastructure into an apartment is proving cost-prohibitive due to the way office building cores are designed versus apartments, among numerous other structural issues,” Holder said. However, David Laube, principal of Atlanta-based Noell Consulting Group, said 41 Marietta St. checks many boxes for conversions. “From what I understand about the floorplate and the layout, it worked for conversion,” Laube said. “We do a lot of office conversion work around the country and maybe like 10% to 15% of office building stock can actually work as a conversion. That one did.” With those advantages, Laube was a little surprised by the issues at 41 Marietta St., though he said the building, like many older offices, didn’t have dedicated parking.  “I think they had it for a low enough basis that I would have expected that one to work,” he said. “I think [the foreclosure] probably says more about that particular sponsor and their experience than it does about the deal itself or the market.” https://lnkd.in/eBbr7jxB