Advantages of Building Mixed Use Development

Mixed use development is an integration of different developmental activities in a street, building, and neighborhood, urban, suburban, industrial, cultural, and residential settings. The concept refers to the combination of residential, commercial, office, entertainment, schools, and governmental services in the same area. There is integration in terms of functional, physical, as well as cultural activities.

The concept of mixed development could be traced to the beginning of the industrial revolution, which forced governmental zoning regulations. This separates industrial complexes from residential areas, office buildings, market places and so on. Mixed development is unique in different ways. It helps to organize the society in such a way that will bring about a greater housing density and varieties. It helps to organize the neighborhood in such a way that reduces distances between workplaces, offices, and workers’ houses. It ensures a compact development and community integration and so on.

Types of mixed use development

There are different types of mixed use development. This varies from country to country. Here are the common forms available in most countries:

Commercial zoning:

these are meant for commercial purposes such as selling of goods and services; this commercial activity takes place in residential areas.

Urban residential and commercial:

this consists of a multi storey buildings meant mainly for commercial purposes, but have commercial units within the ground floor. It accommodates civic centers and other important offices in an urban setting.

Office convenience:

this comprises of office buildings with its small retail shops and services meant for the office workers. There is also the office and the residential mixed development, which comprise family residential building coexisting with offices. There are other types of mix use development such as such as hotel residence and so on.

Benefits of mixed use development

Since its inception, many years ago, society and those people involved get many benefits from it. It helps in both community and urban planning. It regulates how developmental projects are established in a community. It exists to make things easier for people. It accelerates urban development by fracturing the community into manageable segments. It ensures easy building of infrastructures and mapping out buildable areas in the community.

Economic benefits to locals and investors

It encourages investment in the community as well as its surrounding areas. Economic benefits derived from mixed use development occur at two levels, which include the direct and the indirect. It has economic benefits to the people who are directly involved in the project such as project developers and the retail sellers. It impacts indirectly to the people who benefit from the economies. It supports different types of investment in the community mapped out for mixed use development.

Creating unique character for the vicinity

Furthermore, it enhances quality revitalization and better quality houses for those involved in the project. It offers a greater sense of community among the people and brings about the development in the community. It ensures the protection of the rural areas as well as those resources that are considered environmentally sensitive to the community.

Diversity of housing options

It brings about a better housing density as there are different forms and house sizes that could be built. There are smaller housing units as well as bigger units and homes for the elderly. Houses offered by this development are always affordable as there are different choices to be made by people concerned.

Practical convenience for residents

People live close to their offices and shops; it reduced the distances between retail business location, workplaces, offices, and residential homes. This means that it will save you a lot of money you would have spent to travel to your place of work and your retail shop. You can easily get to your office or retail shop location by trekking or by cycling to your workplace. Everything is nearer to the people involved such as market, schools, and hospitals and so on.

Lower carbon footprint

Since everything in the community is planned, you have a quick access to everything that would help you in the community such as health and fleshy food. This is because farmers market healthy foods. Moreover, the fresh retail shop is always accessible to you through bike, cycling, and by foot. It is beneficial also to retail shop owners because the shops are located where people who need their goods and services would easily access them. They will make a brisk business, as there is a market available for them.

Foster sense of identity

It brings about a stronger neighborhood and a community character. A sense of place and oneness is soon established within the community. It cuts down on the cost of things residents do in the community because everything is provided close to them. You can easily gain access to your grocery shop. You have quick access to healthcare providers, town events, library, as well as places of entertainment for the community.

Drive land value appreciation

Estate speculators and investors benefit more from the mixed use development because they gain when they buy during the launch of the projects. During its new launch, the cost of the condominium is affordable; they can make a lot of money when they sell it after the community is well developed that is when all the amenities needed are put in place. They also benefit in terms of increased rents they derive when the place is fully developed. The prices of rents would appreciate and this would mean more money for the investors.

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