Why the Future Demands Residential and Mixed Use Development

In Westchester County, there’s been an onslaught of development-driven activity in the world of mixed-use projects. Callahan Construction has been fortunate to build many of these world-class facilities that combine desirable retail features with high-end living spaces, and the pipeline seems healthy, to say the least. What does this say, then, about the need for retail and other mixed use projects in the region?

For one thing, the new normal in a post-pandemic economy has opened up all sorts of opportunities for developers, contractors, and community leaders alike. As the need for office space subsides, the demand for housing continues to grow. And as consumers place greater emphasis on being closer to home and having the convenience of public transportation nearby, mixed use developments begin to make more sense than ever before.

Callahan has seen a surge in interest for its construction management services here in Westchester, and is currently working with owners and developers on new mixed-use and office-to-residential conversion projects that are sure to continue the trend of Westchester and other bedroom communities becoming even more sought after places to live, work, and relax.

Grocery Stores: the Anchor of New Communities

While you don’t have to look far to see construction cranes in the sky and shovels in the ground, there are some projects worth giving a closer look to. In New City, the forthcoming New City Center is a  grocery-anchored community that features a tenant mix consisting of personal services, banking, and food and beverage tenants. Callahan will over see the implementation of numerous upgrades which will establish a contemporary, 21st century retail experience with new features that will meet community needs.

But it’s not just Westchester County: Callahan oversees mixed-use retail projects from Rockland County to Rockport, Massachusetts, and recently completed a 75,000 square-foot, grocery store-anchored project in Newington, CT called Meadow Commons. With significant concerns regarding site development and wetlands protection, it represents another example of how retail and mixed-use projects are becoming major fixtures in communities throughout the Northeast, and will continue to be for years to come.

But it’s not just grocery stores that are future hotbeds of development activity: vacant office buildings are high on the list of possibilities as well.

Evaluating an Office-to-Residential Conversion

As community leaders look to recoup lost tax revenues from office buildings that can’t attract tenants, and see housing as a major pain point to address that can also attract new tax revenue, it’s clear that office-to-residential conversions are going to become more commonplace. With that in mind, here are some important considerations to weigh when considering such a project:

  1. Consider the state of the superstructure: does it need extensive work to add sufficient density? A residential building needs to support a minimum number of occupants to be financially viable.
  2. What is the existing HVAC and M/E/P setup, and does it support a residential use? Will it need extensive re-work to meet the needs of building occupants? Where are the elevators located, and will they need to be moved?
  3. Perform an overall constructability assessment. Not every building is well-suited for a residential conversion. Make sure you’re starting with a building that makes sense to convert.

If an office conversion or mixed use project is right for your portfolio, contact Callahan today to learn how our track record can help your next project get into the ground and open for business. Visit the Callahan Construction website to learn more.

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