Understanding Mixed Use Development

Drewlo Holdings Inc pic

 

Drewlo Holdings Inc pic
Drewlo Holdings Inc
Image: drewloholdings.com

Stuart Hansen’s longtime interest in China has been beneficial in his role as vice president at Marquee Asset Management, LLC, where he collaborates with investors from China and other Asian nations. Also under Stuart Hansen‘s guidance is subsidiary Shelter Asset Management, which has decades of experience in envisioning and implementing real estate projects, including mixed use developments.

The very first zoning laws were implemented during a period when factories and other commercial undertakings were smelly, noisy, and dangerous. Hence, the emphasis was on securing public health and preserving residential property values, leading to the separation of land utilization with buffer areas to avoid problems.

Over time, commercial development projects were no longer seen as undesirable and the benefits of different land use in close proximity to population centers became apparent. This made mixed used development, which combines at least two commercial, cultural, residential, industrial, and or institutional uses that are pedestrian friendly, an attractive undertaking.

Mixed used development may be vertical – different uses in one building; horizontal – single-use buildings in a mixed-use zone; or a combination of the two, with pedestrian-friendly features. Mixed used development is now viewed as a smart-growth approach whose benefits includes encouraging economic investment, reducing road traffic and air pollution, and promoting a sense of community.

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