Ground floor retail picks up with mixed-used developments in Raleigh-Durham CBD’s
Mixed-used developments have greatly increased in urban environments since the early 2000’s, making ground floor retail much more abundant
June 12, 2019
- Mixed-used developments (MUD) have greatly increased in urban environments since the early 2000’s, making ground floor retail much more abundant. Thanks to the rising popularity of urban environments, Downtown Raleigh and Downtown Durham have experienced an influx of MUD’s.
- Five of the largest MUD projects constructed between 2000 and 2019 in the CBDs are shown above. These developments total more than 1.1 million square feet. Of that, nearly 112,000 square feet is ground floor retail – making up about 10.1 percent.
- This boost in street level retail means convenience for downtown residents and workers, and brings with it some exciting new options in food and drink. Downtown Raleigh’s Smokey Hollow will be home to a Publix Super Market. Asheville’s Hi-Wire Brewing occupies the first floor of Mill No. 1 in Downtown Durham. The Indigo Restaurant Group out of Charleston, SC has leased two spots at The Dillon for Oak Steakhouse and O-Ku Sushi.
Source: JLL Research
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