Multi-Family Executive’s hottest retail concepts for mixed-use sites article provides some insight in developing the non-residential components of mixed-use sites.
MFE notes that when planning mixed-use sites, developers need to identify the right candidates to suit the tone and tenor of both the neighborhood in general and the residence in particular, to position the development within a specific niche. Providing assets so residents can access core needs in the same building/community is critical, especially for single urban dwellers, millennials and busy families.
2018 Multi-Family Trends:
- Food/beverages: Coffee shops and casual, non-chain, local homegrown food purveyors/restaurants
- Service retail: laundromats, convenience stores and banks
- Exercise studios: yoga, cycling, boxing, pilates and crossfit-style personal training gyms
- Organic, natural health/wellness products and services: apothecaries and juice/smoothie bars
- Health: pharmacy, urgent care, dermatology and opticians
Developing successful apartments in thriving communities, is about creating dynamic, diverse, engaging environments where people want to live, work, play, and stay. It is important to understand which brands and multifamily-friendly retail concepts have traction now and which ideas are coming down the pipeline in months and years ahead.