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High-Growth Areas Surrounding Placemaking, Mixed-Use Projects Signal Investment Opportunity

Apartment Builders Follow Renter Demand for Units Near Developments

Unibail-Rodamco-Westfield is partnering with Mill Creek Residential to add more than 500 luxury apartments at its Westfield Garden State Plaza mall in Paramus, New Jersey. (Unibail-Rodamco-Westfield)
Unibail-Rodamco-Westfield is partnering with Mill Creek Residential to add more than 500 luxury apartments at its Westfield Garden State Plaza mall in Paramus, New Jersey. (Unibail-Rodamco-Westfield)

Mixed-use commercial real estate development has been surging in popularity over the past decade in America, especially among mall owners who have taken notice of the ability for mixed-use projects to generate rent premiums and help offset declining store revenue to aid the struggling mall sector.

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