Mixed-use developments are one of the fastest-growing areas of real estate development. They are essential parts of communities, providing places where people can live, work, shop, and meet other lifestyle needs within a single neighborhood. The rise in mixed-use development is not an anomaly. There are a few key reasons developers are building more mixed-use projects.
Mixed-use developments are an efficient way to utilize property in areas with limited available land, especially large metro areas and coastal regions. While building housing above retail space is not a new concept, mixed-use development projects have increased in scale to create smaller communities and redefine neighborhoods. By utilizing less land to meet the market demands and the current urban development trends, mixed-use development is a boon to cities and their residents.
Increased urbanism is a major driving force behind the increase in mixed-use development. Lifestyle trends are changing and projects are aiming to meet the demand. The sense of convenience and community is becoming of more value to consumers. People are more interested in the walkability of their communities. The ability to shop, dine, and play are all integral aspects of this new type of development.
In combination with the increased demand for convenience, labor force trends are driving people to live closer to their employer. Also, with the increase in employees working remotely, shared workspaces are growing in popularity among mixed-use developments. Developers continue to adapt to consumers’ needs, building more efficient, walkable, and diversified mixed-use developments.
The growing demand for mixed-use developments is not just a benefit for consumers; it is also becoming a windfall for investors for a host of reasons. Most notably, mixed-use developments provide investors with a variety of revenue streams. By integrating the different uses for a single property, the risk is diversified to protect against regular changes in the real estate cycle. Well designed mixed-use developments are made to meet the demands of their markets with each component increasing the productivity of the other.
Mixed-use projects will continue to grow and meet the demands of consumers. It will be up to developers to design mixed-use projects that creatively address the increasing demand for convenience, efficiently utilize space to maximize productivity, and provide investors with an opportunity to diversify their portfolios.
At Mayer Building Company, we are a creative team that gives our customers the top-end industry experience. We are a smaller company but operate administratively like a large contractor. Learn more about our work on retail and historic commercial spaces in New Orleans. If you have a project in mind or want to learn more about our work, call us at (504) 315-8423 or contact us online.
Recently our commercial construction project came to a successful completion, and we are open for business. I appreciate the efforts of Mayer Building Company in getting my premium coffee shop open early.
I brag about you and your people all of the time.. I get constant compliments on the building! Recently our commercial construction project came to a successful completion, and we are open for business. I appreciate the efforts of Mayer Building Company in building out our new offices on time and within budget.
Thanks again for a job well done! We have completed over 30 Cyclebars across the country in the past year. The New Orleans (Magazine Street) site was not only one of the best but working with Mayer exceeded all expectations. I look forward to future work with the Mayer Team.
Y’all did such a nice job. Thank you so much for your careful work. You’ve helped transform our space!
I just want to thank you and your staff for going above and beyond during this build out process. With us being in a different city, y’all have been awesome to work with. Y’all have accommodated every change within our construction window and have helped us greatly on things that couldn’t have gotten done without you and your staff’s help. Thanks so much. It is greatly appreciated.
Thank you very much for doing such a great job. The rooms look great and the inconvenience to us was minimal at worst. Your personnel was friendly and easy to work with. Fred was really great. We are very pleased with the result. Thank you and I hope to work with you again on another project.
I was concerned about doing a renovation at a place that was many states away from where I lived. I needed someone that I could count on and could handle every aspect of the renovation. I also required someone who was familiar with the permit requirements for an historical building in New Orleans….I would highly recommend Ryan Mayer to any potential client. I was extrememly pleased with the work he performed and would use him again for any additional contracting needs that I may have.
We are always excited to partner up with MBC to work on our new location developments or redesigns,
as we can always count on quality, timeliness, and most importantly, the right level of communication
in the client relationship.
As we grow City Greens, we look forward to working with the Mayer Building Company in the very near future.
It is with pleasure, and of my own initiative, I am writing this letter of gratitude
for the work you and your company performed at 4905-11 Magazine Street.
As the architect of that renovation, I worked closely with you, your superintendent
Fred Goodrow, and your staff during the months of construction. Your knowledge, experience, and good judgement, and that of your
employees, were critical in addressing these issues and contributed significantly
to the successful completion of the work.
Both the building owner and I are very proud of the results and are grateful to
you and your staff for a job very well done. I sincerely look forward to the next
time it is my good fortune to work with you.