Mixed Use Developments
Definition: Any urban, suburban, village development,or a single building that blends a combination of residential, commercial, cultural, institutional, or industrial uses.
The idea of a mixed use development is to be able to live in the development and technically never need to leave the building. Take the Bellagio Hotel in Las Vegas for example. It has a restaurant so you can eat and drink, it has many rooms to stay in plus a balcony for fresh air, and it has a pool and gym so you can exercise. If you were dedicated to never going outside a specific area then you would only be able to do this in a mixed use development. The Bellagio isn't truly a mixed use development, it is just one building that has a variety of capabilities. A true mixed use development has a place to work, to live, to learn, and to exercise.
Pros Cons
The idea of a mixed use development is to be able to live in the development and technically never need to leave the building. Take the Bellagio Hotel in Las Vegas for example. It has a restaurant so you can eat and drink, it has many rooms to stay in plus a balcony for fresh air, and it has a pool and gym so you can exercise. If you were dedicated to never going outside a specific area then you would only be able to do this in a mixed use development. The Bellagio isn't truly a mixed use development, it is just one building that has a variety of capabilities. A true mixed use development has a place to work, to live, to learn, and to exercise.
Pros Cons
- Greater housing variety and density A risky type of building
- More compact complicated property type
- Increased accessibility (walk-able/bike-able neighborhoods) the trend died when the recession hit
- Affordable housing more often than not single use is seen as better
- More opportunities to get fresh foods costs exceed those of a single use building
- Stronger neighborhood character
- Urban living
- Was trending in the early 2000's before the recession
- Making a comeback