Mixed-use is slowly becoming the norm in Philadelphia

What exactly is considered “Mixed-Use?” Well, in Philadelphia you can have C-1, C-2, and so on and so forth.

But what do those classifications actually mean? They mean that depending on what the developer wants to accomplish, he/she will have to conform to the City’s zoning code.

Philadelphia’s new zoning code (which was introduced in August 2012) was designed to meet 21st century demand: population increases in dense, urban areas. Therefore, the City is actually encouraging mixed-use projects throughout different neighborhoods; that is, depending on the neighborhood and scope of the project.

In my own personal opinion, a mixed-use project accomplishes a few things: 1) It allows the residents easy access to things they need (e.g. a local market, coffee shop, dry cleaner, etc.), 2) It allows the business to create a consistent flow of customers (by pulling/retaining business directly from the building), 3) It helps create a more dense, urban environment (which seems to be what every city is striving for these days), and 4) It can be more cost effective. Now #4 will vary with every project, but the goal is to create a “win-win-win” (a “win” for the resident, “win” for the business, and “win” for the developer).

If you like, throw in a fourth “win” for the City of Philadelphia.

PhiladelphiaPlaneto.com has produced a great story highlighting some mixed-use projects trying to hit the market in 2013.

Feel free to have a look-see.

Tim Garrity is a Realtor and the Founder of The Tim Garrity Team, as well as an Associate Broker at Real. He helps clients achieve their goals, agents exceed their potential, and the entrepreneurial community through podcasting.

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