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Mixed-use momentum building: high gas prices another factor in developments' popularity.

Publication: Mississippi Business Journal
Publication Date: 31-MAR-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
On March 31, Equus Eleven, a Sacramento, Calif.-based developer broke ground on a nearly $15-million, 121-acre commercial/residential mixed-use development. And where is this large project being built? In Wiggins, the small community in South Mississippi.

This project's location illustrates just how popular and widespread mixed-use developments have become. While the concept of mixed-use--residential and commercial and/or retail space offered together on one site--is not new, it continues to gain momentum in large and small communities alike. The convenience of being able to live, work, shop, dine and play in one place was always a strong selling point for developers. Now with pump prices skyrocketing, developers are selling the savings in gasoline as another reason to look at mixed-use, and more and more people are buying.

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"We're definitely seeing a change in the demographics...

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