Authorizes conversion of certain office parks and retail centers to mixed-use developments.

Summary

The bill lets developers turn large, under‑used office parks or retail centers into mixed‑use sites that include housing and other uses. To qualify, properties must be at least 50,000 sq ft (office) or 15,000 sq ft (retail), have a 25 % vacancy for 18 months or a documented 30 % revenue loss, and show the owner has tried to lease the space. Municipal planning boards must approve such projects if they meet the bill’s zoning and affordable‑housing requirements.

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