More Than a Bump in the Road for Mixed-Use?
[ By Lisa Harbatkin ] Washingtonian, by the Peterson Companies, is a mixed-use project that has been built out. Rising construction and building materials costs are becoming more worrisome issues for mixed-use developers. Declining job growth could be another factor leading to recent postponements and some outright cancellations of mixed-use developments in California, the Las Vegas area and elsewhere in the country. Still, mixed-use synergies may offer advantages over single-asset development in the face of the residential downturn and arranging financing has not been a hurdle for well-planned, well-located properties. Development asked a group of mixed-use developers and economists, investment and brokerage specialists about the current concerns and their expectations for the longer term. Ryan Companies’ Dean Lakes mixed-use development in Shakopee, Minnesota is projected for 2008 completion. It will include residential, hotel, retail and restaurant components. Shown here is a comple
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