How Old Prisons Are Being Converted Into Stylish Apartments
Published On Feb 2, 2025, 5:00 AM
The article discusses the decline in the number of incarcerated individuals and the closure of nearly 200 correctional facilities in the U.S. over the past two decades, as many of these sites are being repurposed. A prominent example is the transformation of the Lorton Reformatory in Virginia into Liberty Crest Apartments, which has become a popular residential area due to its unique industrial design. The development includes various housing options, commercial spaces, and amenities that have appealed to new residents.
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As the trend of converting old institutional sites into residential and commercial properties continues, investments in real estate sectors focused on adaptive reuse and redevelopment could see positive growth. The demand for unique living spaces is high, which validates this trend.