by Neil Calfee (NPC Group)
Mixed Use Facilities are gaining in popularity on campuses across the country, representing a blurring of the line between the edge of campus and the surrounding community. “Mixed Use” has a broad meaning, encompassing projects that include multiple campus and commercial uses such as office space, incubators, retail, restaurants and hotels. The projects are only limited by your creativity and, of course, the viability of the local market.
Based on experience in procuring and developing successful Mixed Use Facilities, I recommend the following five steps to determine campus readiness for a given project:
- Conducting a local market scan.
- Gathering on-campus interest for the Mixed-Use Project.
- Establishing appropriate financial risk levels
- Determining a viable location for the project.
- Addressing issues of project control.
So, you will know that a Mixed Use Project will work on your campus if...
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