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Real Estate Practice : Lesson 4000

By
Industry Observer TN LIC# 290452

A developer built a highrise building in the greater Memphis metropolitan area.

This highrise includes residential units, office space and retail stores and is considered to be a planned unit development.

True or false ?

wildlife

A. False

A highrise building that combines the best asp[ects of residential property, office accomadations and retail shopping is a mixed-use development because of the assortment or commercial and residential applications assembled under one roof.

Posted by

Time&Temp Memphis

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Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

I got this one right!  Yippee...I hope you have a splendid work week too!

Mar 22, 2015 11:35 PM
David Saks
Memphis, TN
Broker / Industry Analyst

Thanks, Kristin Johnston, Waukesha Realtor 414-254-6647

Have a fun day ahead.

Mar 22, 2015 11:51 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

David - I would guess that any time you mix residential with commercial, it would be considered mixed-use. You are seeing more and more of these developments popping up.

Mar 23, 2015 11:38 AM
David Saks
Memphis, TN
Broker / Industry Analyst

Especially near major universities throughout the nation, Troy Erickson Thanks.

Mar 23, 2015 03:42 PM
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Ouch!  I wasn't even thinking about other options...ya got me!  Always, thanks for sharing your expertise!

Mar 26, 2015 10:48 AM
David Saks
Memphis, TN
Broker / Industry Analyst

Thanks, John.

Mar 29, 2015 03:55 PM
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