MIXED USE DEVELOPMENT TRENDS
An article in the March 2007 issue of “RETAIL TRAFFIC�, magazine dealing with the retail real estate industry describes some recent trends in mixed use developments.
I points out that only a couple of years ago missing office, retail, residential and hotel uses was considered “cutting edge� but today developers are experimenting with mixing more unconventional uses such as performing arts centers, libraries, city halls, zoos, auto racetracks and sports stadiums to name just a few.
Developers, especially those outside the United States, have sometimes been more adventurous than U.S REITs in combining different uses. In Durban, South Africa visitors can not only buy an automobile at the Expo Xplore project but can take a test drive on an off-road track with water traps and sand pits.
The article contains many examples of mixing different uses by developers who are definitely “pushing the envelope�.
Readers can find the article at the “RETAIL TRAFFIC� webs site: http://retailtrafficmag.com and can also subscribe to this excellent publication on that site.
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