Mixed-use Developments - Commerically More Viable

A Leading building firm, which has invested in several mixed-use developments around Las Vegas, feels that these projects provide economic viability that let the project to be taken up in the first place. Else many of these projects will never be constructed.

Mixed-use development allows for diversified incomes streams from residential, commercial, retail, and other groups. For example - banks, shops, commercial establishments, eat-outs, restaurants, condos each provide a different income stream to the developer.

But on the negative side investors would rather invest in fully apartment space or fully commercial space. Then you have issues about parking, construction, security that normally wouldn't arise in a single use development.

But the problems of shrinking developable land and rising real estate prices are forcing both developers and buyers to experiment with various models.