Mixed-Use Retail Is In Demand, But Success Is No Given

A few years ago, mixed-use multifamily developments were all the rage.

It seemed like every multifamily developer in Orange County, Los Angeles and throughout the Southern California region was placing ground-floor retail in its developments.

But fast forward to 2019 and it seems the retail portions of many of those mixed-use properties are not doing as well as many had hoped.

"From my perspective on the lending side, we`ve seen a lot of the retail never come into fruition," Bellwether Enterprise Senior Vice President Jason Krupoff said at Bisnow`s Orange County Multifamily Summit. "The apartments always do well but rarely will retail do well."...

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RSK: I would say the same thing is happening here. Often times multi-family locations are not a good retail location but the city planners want it. Wonder if any of them would put a business in that second or third tier retail location.



- - Volume: 7 - WEEK: 49 Date: 12/3/2019 10:44:52 AM -