Billion-Dollar Mixed-Use Developments Demand Attention

Abstract

Billion-Dollar Mixed-Use Developments Demand Attention Mixed-use real estate projects are not a revolutionary concept. Why all the hype? All types of investors-including private equity players and publicly traded REITs-are enthusiastically embracing mixed-use properties. Even with financing in place, mixed-use development is a complex undertaking. From public-private partnerships to the design and engineering across multiple uses to the navigation of political and community landmines, the high-profile mixed-use development typically faces a long road as it seeks to deliver a greater good to the community. What is the best way to manage the interconnectivity of uses? Should one property manager have ultimate responsibility for the larger master plan, or should each use operate independently? The smart, single-source solution To make mixed-use developments feel authentic, there needs to be consistency in experience around every corner. What is the fastest path to success at a property of such scale? Cues from high-end hotels permeate the atmosphere of a prosperous mixed-use development. Well-managed mixed-use developments represent a win-win for both investors and cities, creating more housing, community connection, operating income, retail and tax revenue.