Do First Floor Retail Spaces Pencil Out for Multifamily Developers?
[{"id": "d1263hl", "text": "No!", "replies": [], "depth": 1}, {"id": "d12arsk", "text": "Try getting a residential project approved without retail. ", "replies": [], "depth": 1}, {"id": "d12m6p0", "text": "I have a feeling  the next time mf hits 10% vac  or more and we all start having collection loss issues this discussion would be different.  \n\nThe articles assertion is basically you don't need retail in your building, if you can get in a good retail district you can leech off everyone around you.  What if they do the same?  Sounds like a good way to take a property (or group of properties if planning lets this happen) that is in a good retail location and convert it to one of those \"only a few blocks from where you actually want to live\".  \n\nIf you are dumping hundreds of units on an area invest in it, and yes part of that is retail and looking at the health of the immediate area, not just your specific property.\n\nblah i feel dirty you just made me defend planners and the city people.  I'm going to go take a shower and read the art of the deal", "replies": [], "depth": 1}]