- Miller Samuel Real Estate Appraisers & Consultants - http://ms.clash.outthinkgroup.com -

Development Trend That Commutes the Commute

As part of the polarizing residential housing trend of re-invigorated urban centers and expanded commutes for lower cost properties [Matrix] [1], mixed-use developments are springing up around the country near transit hubs [NYT] [2].

There is emphasis on the pedestrian environment in this new form of development, which is relatively new to the process.

Of course, another reason for this sort of development is the lower acquisition cost of properties that sit on primary transit hubs. Similar to the use of land for properties not suitable for single family housing, being developed with condos and mult-family rental buildings, this represents a logical highest and best use of these locations.

Also of interest

Sprawling On The Couch Of Urban Living [Matrix] [3]