Moving out of just one underused building saved $360,000 a year in rent.
Last year, the City Council approved rezoning of an additional 11 blocks to permit redevelopment of other vacant and underused buildings.
The school has focused on renovations and rehabilitation of underused buildings and areas as opposed to extensive building, even though there has been some.
February 10, 2011: Committee hearing on how underused and vacant federal buildings continue to waste taxpayers' money.
Money spent on underused buildings and excess land could be better spent providing care to veterans, the agency said.
To house its growing student population, the university signed long-term ground leases for underused buildings with private developers.
A DECADE after many school districts sold many of their underused buildings, increases in enrollment are leading communities to find solutions for overcrowding.
In the past two years, vacant and underused buildings have been renovated for residential use, adding about 1,000 apartments.
This would permit it to build towers as it needed additional office space without leaving buildings idle or underused.
Between 2003 and 2010 the area has also seen an explosion in residential conversion of formerly vacant or underused commercial buildings.