Now, more than ever, economies of scale are a major factor for construction projects. Land and material prices are forcing developers to think differently about projects, and one strategy is to consider larger projects with multiple product types, creating a true live-work-play environment. The demand for live-work-play communities is as high as ever and, in response, more developers are creating master plans that include multifamily, office and retail.
Live-work-play is not a new theme. Developers have been working under this model for quite some time. But more and more, the various components of the live-work-play model are being managed by a single developer – and nowhere is this more apparent than in Austin, Texas.
Read the full story through Austin Business Journal.