Mixed Use Real Estate Development Studies
Our mixed-use market feasibility studies will establish the market support potential for a project that is incorporating more than one development alternative on a specific site. They can include any combination of commercial and residential development alternatives on the site. Danter and Associates have the expertise to recommend the proper mix of development alternatives or work with existing site plans to achieve the highest gross revenues and optimum absorption for the overall development.
Since 1985, we have worked on over 500 mixed-use developments in urban, suburban and rural markets across the country, including several high profile projects like the Easton Town Center in Columbus, Ohio, Cincinnati/Northern Kentucky International Airport and Snowshoe Mountain Ski Resort in West Virginia College. Following are summaries of a select few of mixed-use projects completed:
Montgomery Place – Annandale-On-Hudson – New York
The historic 434-acre Montgomery Place is located on the banks of the Hudson River in Northern Duchess County, New York. Montgomery Place, itself, is a 23-room mansion set amid gardens, orchards and numerous outbuildings. The objective of our assignment was to determine the market for a to-be-restored, historic destination containing lodging, activity centers and general visitors. Specifically, we identified related extended stay events that would support potential room development. Using a creative approach, we identified specific events and workshops led by art, music and performance leaders in nearby New York City. Our client was the Rockefeller Foundation. The property is now owned by Historic Hudson Valley.
Snowshoe Mountain Ski Resort – West Virginia
Our objective for this assignment was twofold. First, we were to explore the market to move a successful winter resort facility into a successful four-season resort. Recommendations included expanded marketing of an existing 18-hole golf course, trout fishing, ATV/mountain bike venue, and summer camp for youth, back country adventure, expansion of the historic railway and marketing recommendations for the expansion of corporate and social events. The second objective was to provide recommendations were for improving lodging and residential sales at the resort.
50,000-Acre Mixed Use Resort – Hot Springs, Arkansas
This 50,000-acre parcel, located in the heart of the Hot Springs resort area, is owned by an international timber company. Our assignment was to determine if a market existed for the development of a resort complex and, over a 20-year period, if the return on investment for the development exceeds returns expected from timber operations.
Mixed-Use Development – Fort Worth, Texas
This study was an analysis of a wide range of development alternatives for a mixed-use site in Fort Worth, Texas. The analysis included retail, hotel/conference center, office, single family, condominium, market rate apartment, senior apartment, assisted living and independent living components.
Upper Allen Farm – Abilene, Texas
This study involved five separate analyses of various land uses for a 33-acre mixed-use site adjacent to Abilene Christian University. The components of the project included retail, upscale, senior-oriented market rate apartments, purpose-built student housing, office, and lodging. An analysis of the condominium market was also conducted. A primary concern for this study was to evaluate each land use in terms of how it could generate revenue, enhance Abilene’s image, and improve the experience of ACU students.
Mixed-Use Development – Lexington, Kentucky
This report identified the level of market support and development potential for a mixed-use development in Lexington, Kentucky. Uses considered include retail, market rate apartments, office space, lodging and meeting facilities, for-sale condominiums, and senior housing alternatives (independent and assisted-living).
Easton Town Center – Columbus, Ohio
This study evaluated commercial and residential development potential for the nationally-recognized Easton Town Center in Columbus, Ohio. Uses evaluated included retail, office, residential, recreational center, and the Hilton Hotel lodging and conference/convention space. The Easton Town Center is one of the top 30 performing malls in the country today.
Maitland Town Center – Maitland, Florida
This study evaluated the market potential of the proposed Maitland Town Center, a planned commercial and residential development in the downtown Maitland, Florida area, 5.5 miles north of downtown Orlando. The following land uses were evaluated: boutique retail, condominium, market rate apartments, and lodging/meeting facilities.