Mixed-use development growth continues in South Florida May 14, 2021 at 4:41 PM EDT - Updated May 14 at 6:46 PM
Commercial development continues to boom in Florida, but depending on where you live, mixed-use developments are also on the climb.
Experts say they will only increase in a post-pandemic economy. The mixed-use concept diversifies assets for tenants, developers and investors.
Davis Payne, an Davis Payne is a resident of Uptown Boca. I would rather live here than in a dorm, Payne said. The health food options around and the gym is unbelievable.
He can also work or study at a co-working lounge, take a break in the game room or de-stress with a retail break, located steps from his residence.
What s in store for stores and restaurants this year?
From Rosemary Square in West Palm Beach to Mizner Park in Boca Raton, new shops and eateries have opened, or will open in the coming months, as the retail industry tries to regain its footing despite the ongoing pandemic.
Many leases were in the works prior to the pandemic s arrival last March. Other deals were struck during the pandemic.
All face a world where customers are eager to venture out of their homes to eat outside, or shop in a store that isn t part of an enclosed, indoor mall. Shopping centers that are open-air, rather than enclosed malls, have an edge, retail experts said.