Seasoned real estate developer Stephen Reeder currently holds the position of chief executive officer at southern California real estate consulting firm UCR Group. Under Stephen Reeder’s leadership, UCR has transformed residential areas by acquiring, renovating, and expertly executing mixed-use development projects.
Mixed-use developments traditionally contain residential, commercial, and office spaces. Blending these types of properties together successfully creates a dynamic neighborhood that attracts renters, buyers, business owners, and visitors.
The rise in mixed-use developments is due in large part to constraints in affordable construction sites and the demise of large malls. Developers are seizing the opportunity by renovating older shopping malls and turning these spacious buildings into communities with affordable housing units. Entertainment and public green spaces are key components for mixed-use developments since they attract members of the wider community, which benefits retailers.
Some local government agencies, including in Washington, D.C., are encouraging quality mixed-use developments by setting requirements on the amount of accessible public space for specific renovation projects.
