When it comes to apartment development, the “it” approach has been to incorporate it into a live/work/play environment. In addition to being a risk-aversion technique for developers, it is also meeting the needs of today's renter pool. The concept of high-density, new urbanist communities is not a new one. However, it's becoming more the norm. What are some ways developers are implementing this trend, and what market dynamics are at play? What combinations work best and provide the best returns? How is the definition of “downtown” changing as these mixed-use projects are rising in the nation's suburbs as well as infill and transit hubs?
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