Walkable neighborhoods are exploding in popularity across the country, making mixed-use developments a safe bet for investors and residents alike. With their blend of residential and commercial spaces, these real estate developments can attract stable tenants and create a neighborhood feel, as long as the architectural features and amenities are well-designed. Below are a few tips for creating a successful mixed-use development.

4 Ways to Make Your Mixed-Use Development a Success

1. Offer a Variety of Units

Creating the neighborhood feel that buyers are looking for depends on having residents from all walks of life. The most successful mixed-use developments feature a variety of housing options, from studio condos to three-story townhomes perfect for large families.

2. Blend In

Mixed-use real estate developments can revitalize a flagging district, but the architecture should blend in with the existing structures. Taking care to preserve the character of the neighborhood will make your new development a welcome addition to the area.

3. Choose Your Tenants Carefully

Nearby businesses are one of the most attractive features of mixed-use developments, but only if they appeal to the residents. Spas and other services are a popular choice, along with restaurants, small bars, and neighborhood coffee shops.

4. Find the Right Location

While walkability is an essential selling point of mixed-use developments, your residents will also want easy access to public transportation and highways. Placing your new real estate development where people already are and where business is picking up will dramatically increase your chances of success.

No matter what type of real estate development, the experts at APPRO Development, Inc. & CERRON Commercial Properties can help bring your vision to life. As one of the Top 10 developers in the Twin Cities, they provide comprehensive design-build services to clients throughout Minnesota’s Scott. Rice, Dakota, Hennepin, Ramsey, and Steele counties. Visit their website to browse a sample of their completed projects, follow their Twitter for more tips, or call (952) 469-2171 to discuss your real estate development with a member of their team.