Mixed Use & Retail Centers
Residential will be the key anchor of mixed-use developments.
Real estate markets have recast what’s most important for mixed-use developments, and residential is now the key ingredient. It is residents, not visitors, who will have direct stakes in a development’s overall health and who will make up the captive audience that drives on-site retail, entertainment, and food & beverage, setting the tone for attracting outside visitation and investment in the development.
Activating a development’s “in-between” spaces with mixed-use design strategies will enable more diverse programming and flexibility.
Ground plane activation is the “buzz” in the industry as developers see an opportunity to create 20-minute neighborhoods that appeal to a diverse range of people and offerings. Locating certain amenities adjacent to buildings rather than inside them can help tenants manage costs and help cities promote more inclusive, varied, and vibrant programming.
Developers will capitalize on the utility of the pedestrian realm.
After witnessing the economic and social potential of dedicated open-air pedestrian zones, many cities are maintaining and investing in them as long-term fixtures. Developers and retailers are taking a close look at sidewalks, streets, stairs, and corridors as overlooked domains ripe with the potential to foster commerce and community culture.