Mixed-Use
Mixed-use real estate offers a unique investment opportunity by combining residential, commercial, and sometimes industrial spaces, which can lead to diverse income streams and increased property values. These properties cater to modern tenant demands for convenience and community, making them attractive in today's market.
Neglected yet historic department store remade into a vibrant destination anchored by buzzy health food grocer.
Cambridge Crossing, a 4.5 million-square-foot (418,063.7 square meters) mixed-use space in Cambridge, Massachusetts, was one of this year’s recipients of the ULI Americas Awards for Excellence. The roughly 43-acre (17.4 hectares) project, built at the site of an abandoned railyard, has about 2.4 million square feet (223,027 square meters) of residential space, including about 2,700 residential units, and the project had multiple master plans from different developers, dating as far back as 2003.
As communities and cities across the country face mounting land use and environmental challenges, Hilco Redevelopment Partners (HRP) and Melissa Schrock, HRP’s executive vice president of mixed-use development, are working to ensure urban redevelopment is a force for positive change.
Curating and creating great spaces is at the heart of what industry players in the built environment sector do every day. Placemaking is the “art and science” of turning the ordinary into the extraordinary.
Can transit-integrated development like RUS Bus in Raleigh, North Carolina, help our cities thrive for the long haul?
Internationally acclaimed Chicago architect and Studio Gang founder, known for bringing a sustainable approach to tall buildings, to receive the prestigious ULI Prize for Visionaries in Urban Development.
UnCommons was initially designed before the pandemic and then modified in response to it.
Attendees of ULI’s 2022 Fall Meeting in Dallas will have the chance to visit two master-planned communities northwest of the city’s downtown.
ULI MEMBER–ONLY CONTENT:When the old Michael Reese Hospital, dating to the 1880s, closed in 2009, the city rounded up the money to buy the 50-acre (20 ha) site, added more land around it, and then submitted a bid to host the 2016 Summer Olympics with a new stadium replacing the hospital as the centerpiece. Chicago eventually lost that bid but has not given up on the site since.
Voted one of TimeOutmagazine’s “Coolest 40 Neighborhoods in the World,” Uptown is a diverse community on the North Side of Chicago. ULI Fall Meeting attendees got the opportunity to tour the neighborhood, which offers spectacular lakeside views, a growing entertainment district, and a thriving food and cultural scene.
Those who attend the 2021 ULI Fall Meeting in Chicago will have the opportunity to tour mixed-use development near Wrigley Field.
At the 2021 ULI Carolinas meeting, held as a virtual/in-person hybrid event in March, the annual Crane Watch session showcased projects under construction in North and South Carolina that use innovative planning and design in their placemaking efforts, creating iconic projects that help shape the neighborhoods that surround them. The projects this year included a historic storefront restoration, a shipping container–based food yard, and a massive nine-block development.
Through the new Yield Chicago program, seasoned and emerging development professionals are joining to share industry knowledge, networks, and best practices.
In a discussion of the ongoing transformation of U.S. retail, panelists participating in the 2020 ULI Spring Meeting Webinar Series agreed that the authenticity, differentiation, and transparency creating a sense of place in mixed-use retail spaces are likely to be what consumers seek in the future. Single-use spaces are about convenience, but that is only half of what consumers say they are looking for.
As in many growing U.S. cities, much of the new housing in New Orleans is on the high end.
Seeking innovative ways to accommodate Toronto’s growing population, developers across the city are launching “mega-mixed-use” projects that are redefining urban living for generations to come.
A Seattle developer pioneers a flexible process to bring live/work/make/eat/shop uses to a superblock site on Portland’s inner urban fringe.
In 2017, the New York–based Northwood Investors spent $1.2 billion to purchase Ballantyne Corporate Park, a highly successful office property in Charlotte—the single-largest real estate transaction in North Carolina’s history at the time.
In 2018, downtown Fort Lauderdale added just over 1,000 residential units. An additional 3,000 units have already come to market so far in 2019, with more underway. While speakers at ULI Southeast Florida’s “Fort Lauderdale Emerges” event acknowledged the risk of overbuilding, they were also confident that a blockbuster mixed-use project will attract interest for decades to come.
Ten projects create synergy among different uses.
A panel discussion at the recent ULI Europe Real Estate Forum in Dublin examined how investors are driving demand for and managing mixed-use districts and buildings. Speakers said that rather than many small and varied projects, they have concentrated on fewer and larger high-return projects.
A former Sears, Roebuck & Company distribution center and retail location in the Crosstown neighborhood of Memphis with historic landmark status has evolved into a mixed-use project with retail, health and educational space, plus apartments.
The area surrounding the historic baseball stadium has been transfigured by new residential skyscrapers where fast-food restaurants once stood, in addition to high-tech health companies and a market concept popular in Portugal.
James Rouse’s visionary development is 50 years old. The process of urbanizing its town center may create a model for other suburban developments.
With roughly 58,000 people moving to the city of Tampa in 2016 alone, the region stands out as an example of accelerating U.S. growth. Water Street Tampa will give an urban facelift to Tampa’s skyline and double the downtown area in size.
At a recent ULI Cincinnati event, panelists agreed that a midsize market like Cincinnati needs cooperation between the public and private sectors to move things forward.
Public/private partnerships build a mixed-use, urban-scaled community in Union City, California.
In 2003, Waterfront Toronto, a tri-government agency, undertook the transformation of 79 acres (32 ha) of provincially owned brownfields in Toronto’s downtown east end. The West Don Lands project was designed through extensive community engagement and collaboration between government and the private sector. The result was an award-winning precinct plan for a pedestrian-focused community—built around parks, with housing for people of all ages, income levels, and abilities; well served by transit, retail, and community amenities; and developed in accordance with stringent sustainability requirements.
The enormous mixed-use development on Los Angeles’s Westside is a tech and media hub. After decades of debate and false starts, Playa Vista is now home to more than 10,000 people.
U.S. suburbs are changing in cities such as Denver, where new transit lines and placemaking efforts around walkable mixed-use neighborhoods are creating communities more similar to the urban core, said speakers at a ULI Colorado event.
