Looking at one hypothetical project can highlight the opportunities and challenges associated with mixed-use developments.
Written by Nicholas Leider for CIRE Magazine | July.August.19
Mixed-use developments, by definition, include competing and often mutually exclusive interests. A developer wants to attract customers to the corner bistro, but those in the rental properties may not be thrilled with commotion later in the evening. Parking and traffic flow must accommodate differing demands from visitors, employees, and residents. In short, complexity is inherent in designing, developing, and operating mixed-use properties.
Jack Herrington joined Saurage Rotenberg Commercial Real Estate, LLC in October, 2016. He has extensive experience in the service industry, prior to beginning his career in real estate. Jack is currently pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).