haltcatchfire said:
Still annoyed by the lack of retail on 3rd Ave. At some point the Safeway lot will get redeveloped and will certainly be retail on both 3rd and 10th.
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Mixed-use is tough to execute. Banks assign proforma residential income a 1.1 debt service coverage ratio, but retail often gets 1.25 or even 1.3. Higher vacancy rates are applied and retailers (usually) won't sign a lease until a few months before completion, which leaves a hole in a developer's presale test.

Then there's the design and execution challenges of separate waste, loading, parking, etc. Higher ceilings, bigger transformers, cooking smells, noise complaints, conflict between the stratas, etc. etc. etc.

tldr; everyone loves mixed use but it requires more equity for less return and it's easy to make a mistake.
 
The attempts to produced interest with different coloured facade panels and balcony widths seldom turns out better than if they just went with a bland functional design
 
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