Residential + Commercial
Mixed-Use Developments (MUDs) contain both residential and commercial elements. They often appear in downtown districts and feature retail condominiums at street level, with residential condominiums above the shops. MUDs have effectively revitalized stagnant or dying business districts. Benefits of mixed-use projects include:
- Convenience, since grocery stores, offices, restaurants, and parks are within walking distance of homes.
- Reduced auto dependency because most destinations are within walking distance.
- Greater social connection and safety because the community is mostly self-contained and residents have "eyes on the street."
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Condo Hotels
Major hotel brands such as Ritz-Carlton, Four Seasons, and Aman are creating high-end mixed-use developments that combine a hotel, condominiums, and commercial spaces, sometimes called "Condo Hotels." They operate as integrated hybrid properties that share an operational infrastructure. Key components include:
- Hotel operations that provide centralized guest services (housekeeping, front desk, and room service).
- Condominiums that give owners access to hotel amenities and its rental program.
- Commercial and retail space that houses ground-floor restaurants, retail stores, or office suites.
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Condominium |
Hotel Condo |
Timeshare |
| What you get |
Often two and three bedrooms, and always with a kitchen |
A hotel room, from standard to suite, often without kitchen facilities |
Ranges from studios to penthouses, usually with kitchenettes |
| Length of Stay |
May occupy the unit anytime, 365 days a year |
Generally, the length of stay is limited, typically one week to three months |
Entitled to occupy during the share purchase done or two weeks, for example |
| Ownership of a Unit |
Whole |
Whole |
Shared |
| Annual Fees |
wide variance |
$350 to $2,300 (usually includes utilities) |
$450 to $750
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| Renters |
Rentals may be restricted by the homeowner's association CC&Rs |
Owners usually must make the unit available for rent when not occupying it by joining the developer's sponsored rental program, hiring an independent rental agent or renting the unit themselves |
Varies by management company |
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