Mixed-use development: Difference between revisions

Revision as of 12:26, 20 July 2023

Revision as of 14:19, 26 July 2023

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Mixed-use buildings can be risky given that there are multiple tenants residing in one development.<ref name=":2" /> Mega-mixed-use projects, like [[Hudson Yards (development)|Hudson Yards]], are also extremely expensive. This development has cost the City of New York over 2.2 billion dollars.<ref name=":4">Fisher, B and Leite, F. (2018) “The Cost of New York City’s Hudson Yards Redevelopment Project.” Schwartz Center for Economic Policy Analysis and Department of Economics, The New School for Social Research, Working Paper Series 2018-2. http://www.economicpolicyresearch.org/images/docs/research/political_economy/Cost_of_Hudson_Yards_WP_11.5.18.pdf</ref> Critics argue that taxpayer dollars could better serve the general public if spent elsewhere.<ref name=":4" /> Additionally, mixed-use developments, as a catalyst for economic growth, may not serve their intended purpose if they simply shift economic activity, rather than create it. A study done by Jones Lang LaSalle Incorporated (JLL) found that "90 percent of Hudson Yards' new office tenants relocated from Midtown."<ref name=":4" />

'''Aesthetics'''

Mixed-use projects may be seen as disjointed from the surrounding environment. Designs that preserve local character, histories, and charm are in conflict with those that represent economic growth and modernity(although it must at the same time be noted that mixed-use neighbourhoods are in many places historic and organic in development).<ref name=":1" /> Mixed-use projects are often at the center of this clash.

==Types of contemporary mixed-use zoning==