SEATTLE—Today's mixed-use developers are weaving soul into the fabric of new suburban neighborhoods. That is according to a feature article in the latest edition of Colliers International's Knowledge Leader magazine.
For a development to have life, it must be connected to a city's arteries—its transit lines, says the article. According to Andrew Grant, PCI's president, “mixed-use really needs density to work property; otherwise, it's just a planned community with a shopping space and an office park.”
He adds that transit proximity is now one of the most significant factors in planning a mixed-use development.
To discover new opportunities in the accelerated focus on transit, Colliers recently formed a national TOD practice group, which will provide a full platform of strategic advisory and associated services to municipalities, transit systems, developers and landlords. The group will focus on real estate opportunities within a half-mile of transit stations in the top 20 transit markets in the US.
Click here to see the full issue of Knowledge Leader.
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