The National Association of released a study for 2016 in which most of the Americans have said that they want to live in a mixed-use community. To specify the term of mixed-use project or space, we are talking about a community with walkable space, shopping fascilities on the lower-levels and private residential levels on the top. This is a rough meaning of a mixed-use community.
In recent years, mixed-use development projects have been making the headlines, as they come in various looks with green parks embedded in them as well as in exotic locations across the nation. Solly Assa, an experienced real estate developer has developed several residential and mixed-use projects, while pursuing perfection despite bad conditions (like transforming NYC downtown and reviving some of Brooklyn's boroughs).
While many people want privacy and choose a detached single-family home with a yard, others decide to live in walkable communities, where they can leave their cars and walk. As an experienced developer with a proven track record of buying and investing through various economic cycles, Solly Assa has learned how to evaluate the potential drawbacks and advantages of mixed use properties. A number of studies have shown that it is healthier to live in an area that encourages walking. So, instead of driving for every errand, residents of mixed-use projects can save time by going to the first floor of the building or walking down the street. Even if the weather is bad, residents of shared buildings still have easy access to certain services. Plus they get to save on gas, travel cost, or other can-maintenance.
However, some mixed-use arrangements, can, in fact, detract from the quality of life. Namely, Solly Assa points out that although living in a mixed-use building offers a lot of benefits such as health, money, and community, it can also have some drawbacks. For example, living above a restaurant can bring smell in your apartment or even unwanted visitors like ants and other insects. You can also end up living above a dry cleaner, which means breathing chemical fumes every day, or living above a bar and having to put up with a lot of noise.