All posts by Kristin Sims

Mixed-use projects

A city must have the ability to grow. This is where the mixed-use development comes into play.

Cities all over the nation are moving to this model. They are favorites among commercial real estate companies. Combing retail, dining, office space, homes, and even flagship hotels into development plans.

This gives a city room to grow.

Their focus is mainly on upscale shopping and living. Upscale shopping such as Gucci and Louis Vuitton are not as vulnerable to online shopping and still continue to draw people into their retail locations.

Big box stores such as Belk or Barnes and Noble are in a much riskier position to losing walk-in customers to online shopping. It’s just not the same with upscale, higher end retail.

Developing a mixed-use area in higher income areas, seems to be a new trend. It’s attractive because they is room for long term growth from a higher end retailer located in upper income areas.

In order for cities to grow, they have to focus on these mixed-use projects. The only real concern for each growing area is the traffic it can cause by adding dozens of acres of retail, homes, and dining.

 

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