 What is “Mixed-Use Development” and what are the advantages in the Commercial Development business, especially here in the Las Vegas Valley? The definition is “Combining Commercial and Residential Development; zoned for both Commercial and Residential use; Projects designed for diverse functions.” More simply put; work and live in the same location. Gaining popularity in Las Vegas prior to the Great Recession, Mixed-Use Development projects can range in size from a small retail store with a couple of residential units to developments 100’s of acres in size with major retail chains, dozens of restaurants, office spaces, movie theaters and numerous residential units. But why is this concept so popular? The following four reasons explain the advantages to Mixed-Use Development.
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