Mixed-Use on Steroids

Mixed-use development has been one of the few bright spots in real estate in the last few years. Successful mixed-use projects are almost always located in dense urban or suburban areas, usually close to public transportation. It’s a sign of the times that the residential component tends to be rental rather than for-sale.

Due to the large scale of many mixed-use projects, Building Teams must be effective in communicating and collaborating both internally and with local government entities. For example, L.A. LIVE, the massive entertainment and lifestyle complex that has sprung up around that city’s Staples Center, can attribute much of its phenomenal success to the developer’s close collaboration with the Building Team and its partnership with the city of Los Angeles.

It’s also critical to accurately anticipate the needs of potential tenants. At the Broadway Building in Seattle, downsized office spaces cater to small-business owners who are looking to escape from the congested downtown core. In Chicago, the live/work units and street-level retail of 2000 N. Milwaukee go far to meet the needs of up-and-comers in a rapidly emerging neighborhood.

New buildings in a mixed-use project naturally must take their design cues from the vocabulary and style of the surrounding architecture. They may be hip and glossy, like L.A. LIVE, 2000 N. Milwaukee, and the Meridian at Grosvenor Station in Rockville, Md. Or they may pay their respects to the more toned-down older buildings in the neighborhood, as in the case of the Broadway Building, with its Prairie School influence. There is also a movement afoot to give architecturally significant buildings a new mixed-use identity, as is the case with The Link in Phoenix.

The takeaway: If you’re looking to develop multifamily residential, mixed-use may be the only viable way to go. “I don’t see anything getting built that isn’t mixed-use right now,” says Paul Alessandro, a partner with Hartshorne Plunkard Architecture, Chicago. If that’s the case in your market, take a look at these recent projects for inspiration.

Six Emerging Trends in Mixed-Use Development

1. Projects located within reasonable walking distance of public transportation have a much greater chance of success in today’s urbanizing climate.

2. Demand for multifamily rental housing will exceed that for for-sale housing until such time as the current inventory of existing stock declines precipitously (don’t hold your breath).

3. Boutique, Class A office spaces catering to small-business owners are a clever niche market, especially at or near the edge of downtown.

4. Avoid sustainable design and construction at your peril.

5. Raise your hand and take this pledge: New construction must be appropriate to its surroundings, either complementing distinguished existing buildings or making a bold statement in an underdeveloped or burgeoning area.

6. Architecturally significant older buildings in strategic locations—even those that date from the 1960s and 1970s—are finding second lives as recycled mixed-use projects.

GENESIS Marina, an expansive laboratory and office campus in Brisbane, Calif., is the world’s first Total Resource Use and Efficiency (TRUE)-certified construction endeavor. The certification recognizes projects that achieve outstanding levels of resource efficiency through waste reduction, reuse, and recycling practices.

Office Buildings | Mar 21, 2024

Corporate carbon reduction pledges will have big impact on office market

Corporate carbon reduction commitments will have a significant impact on office leasing over the next few years. Businesses that have pledged to reduce their organization’s impact on climate change must ensure their next lease allows them to show material progress on their goals, according to a report by JLL.

Adaptive Reuse | Mar 21, 2024

Massachusetts launches program to spur office-to-residential conversions statewide

Massachusetts Gov. Maura Healey recently launched a program to help cities across the state identify underused office buildings that are best suited for residential conversions.

Image by RAEng_Publications from Pixabay

Legislation | Mar 21, 2024

Bill would mandate solar panels on public buildings in New York City

A recently introduced bill in the New York City Council would mandate solar panel installations on the roofs of all city-owned buildings. The legislation would require 100 MW of solar photovoltaic systems be installed on public buildings by the end of 2025.

Office Buildings | Mar 21, 2024

BOMA updates floor measurement standard for office buildings

The Building Owners and Managers Association (BOMA) International has released its latest floor measurement standard for office buildings, BOMA 2024 for Office Buildings – ANSI/BOMA Z65.1-2024.