Mixed Use Developments Go Vertical, Business and Industry Trends Analysis

Mixing office, retail, residential and entertainment space in one location is an idea on the rise, literally.  For example, take the Time Warner Center in New York City.  The 80-story, $1.7-billion building houses a 2.8-million-square-foot combination of condominiums, office space, a Mandarin Oriental hotel, CNN television studios, performance space, restaurants and retail space that includes a Whole Foods Market.  It’s a stupendous urban version of mixed-use developments that have cropped up in suburbs across the U.S. since the early 90s. These spaces often outperform standard suburban real estate in office and retail lease rates, residential rents, retail sales, hotel room…

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