As I reported earlier this year, more and more businesses are choosing to locate in downtowns and walkable suburban locations, in part to attract younger workers who prefer a less car-dependent, more urban lifestyle.
The Crosstown redevelopment project reached a ceremonial milestone as it officially broke ground this past Saturday. After five years of planning and designing, the project team shares more of their vision of the revitalization of this iconic building to the Memphis community.The building, thought of as a "vertical urban village", will house arts, education, healthcare, retail, commercial, and residential spaces in 1.5 million square feet. The project is expected to be complete in 2017. Meanwhile, see more renderings of what's to come on the LRK Crosstown project page or the Crosstown Concourse design page.
With an eye on flexibility and livability, Memphis real estate professionals continue to turn toward mixed-use developments. Successful local projects are proving the city's mindset on mixed use is shifting, and more could be on the way.
When Liberty Center opens in Cincinnati next fall, it will leverage its full-scale mixed-use offerings—such as a CineBistro theater, lofty lineup of retail, restaurants, residential and office space, as well as lush landscaping and natural gathering places—to bring a sense of place and community to the area. The project is being developed by Steiner + Associates and Bucksbaum Retail Properties.