Wednesday, May 18, 2005

Mixed Use is Trendy and Pricey

newsobserver.com | Growth:

"Lenders are still tough on mixed use," said Craig Davis, a Cary developer who admires Kane's work at North Hills. "But they're getting more and more educated."

As for the prospects of new developments....

"'You'll see people crawling all over it,' Craig Davis said. 'People want to walk around. And quite frankly, they'll pay premiums for it.'"

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