Mixed Use Ground Floor Retail

Traditional urban high rises are forms of mixed use with ground floor retail and multifamily or office space above.
Mixed use ground floor retail. This paradigm is not new. While downtown apartments continue to fill up with ease ground floor space in those buildings is a different matter. Mixed use developments are unified communities generally built around retail and with added on real estate types. But today s developers are adding retail tenants and more to mixed use affordable housing projects to build stronger more valuable communities.
In order to make ground floor retail work you need at least three things. Everyone is wrestling with what to do with the ground floor because retail is changing a lot. Office multifamily single family residential hotel or medical offices. Before any mixed use project can get underway you need developers with experience building and managing mixed use urban retail.
Developer expertise an existing retail corridor and sustainable retail market rents. Over the past decade examples have popped up across the country from a handful of first floor shops to grocery stores that span the ground floor. A recent pricewaterhousecoopers survey ranked mixed use developments the highest rated real estate niche for 2017 pdf.