Updated almost 9 years ago on . Most recent reply
Mixed-Use developments - Any one have experience?
Any one have experience with mixed-use developments or redevelopments of office or retail space?
We are looking to redevelop vacant/partially leased shopping centers into a mix of apartments, retail, restaurants and/or office space. Our goal is for the apartments to help support the existing/improved retail space.
We've had success acquiring vacant big-box/grocery stores, below replacement cost, and converting them into class A self-storage facilities, but the cities are more supportive of mixed-use as it maintains or increases their sales tax revenue.
We would appreciate any feedback from investors/developers, brokers and lawyers who have experience in this space and are open to exploring JV's.
Thanks!
Brian