Mixed-use real estate development continues its progress in different regions of the country, in the face of the new requirements left by the pandemic.

Since its incorporation to the market in recent years, the combination of lines or uses in the same real estate project has sought to diversify the value offer of the developments, but especially to accommodate the integration of communities.

At the beginning of the year, according to local statistics, there were an average of 100 mixed-use projects distributed in 21 cities in Mexico.

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Different integration formulas were generated in them that frequently considered housing, hotels, offices and retail. The logic of those who have promoted them in the real estate industry is based on integrating communities, coexistence centers and destinations.

Andrés Shapiro, business development of the architecture firm JERDE in Latin America, assures that the communities have undergone a very positive change thanks to the pandemic, given that “it came to accelerate things that we had already seen from the past and this is mainly the focus on quality of life, by making life more efficient in these communities.”

In addition, he says, communities have made it possible to trigger the urban development of cities.

For his part, Gonzálo Robina, deputy general director of Fibra Uno, comments that regardless of the long-term horizon that this type of project represents, the trust modified its development strategy by focusing on the industrial market, the reconversion of portfolios and the expansion of mixed uses, the latter as one of the focuses of development.

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“Except for the industrial, we are no longer building free standing shopping centers or free standing office towers, everything already involves mixed uses. That's where the trend is: to create these microcities like the case of Mítikah” where the benefit is for its inhabitants and the added value of those who have properties in the area where it is located.

Complementary to the portfolio of 636 properties that it currently operates, this FIBRA announced an investment of $160 million pesos by 2030 to generate projects with social impact, in addition to complementary measures of sustainability and corporate governance, in view of ESG criteria (Environmental, Social and Governance).

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