What to Look for in Mixed-Use Developments

 

A Smart Move? Ali Ata On Investing in Mixed-Use Properties

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Ali Ata would like to mention today that investing in mixed-use developments is a tough challenge. Over the years, it has increased in popularity, with more people investing in mixed-use developments. The idea of having a gym, workplace, and coffee shop within walking distance is appealing to many real estate buyers.

Ali Ata explains that a mixed-use development is a real estate property that mixes residential, commercial, and industrial spaces. Such properties offer investors the benefits of various developments in one investment. Residents find this type of development favorable as it eliminates the need for transportation, shares Ali Ata. For investors, a mixed-use development can generate higher returns while its value increases over time.

There are several kinds of mixed-use developments that investors can search for. These are live/work, main street, residential and office, and mixed-use hotel spaces. A live/work space houses tenants that live and work on the same property. The main street mixed-use space combines commercial and residential units in an area. These often have residential units on the top floors and retail units on the first floor.

The residential and office space is a commercial establishment with multifamily residential spaces and blends the workplace with their home. According to Ali Ata, mixed-use hotels have a retail area, a fitness gym, and a space dedicated to food and entertainment. The main advantage of this type of mixed-use development is the guaranteed foot traffic from hotel guests.

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Mixed-use developments are well-liked by tenants as they find these incredibly convenient and accessible. People of all generations appreciate this kind of setup as it saves on space and resources. Retailers find mixed-use properties to be appealing to their diverse community of tenants. When investing in a mixed-use development, you must choose a property with excellent planning. A property built on a solid foundation and a good plan isn't prone to conflicts, shares Ali Ata.

Ali Ata is a veteran in the real estate industry. He shares his expert insights on real estate on this blog.

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