A buyer has paid $5.2 million for a Livingston property with more than 27,000 square feet of retail and office space, brokers with Cushman & Wakefield announced.
Maximizing value through placemaking
Thoughtful placemaking executed with the proper design strategies creates a vibrant, authentic sense of place offering value through rental and occupancy premiums and allows for real estate to evolve and meet current sustainable lifestyles. More than just mixed-use developments, successful placemaking projects seek to attract people, make them feel comfortable and activate the built environment in ways that encourage them to stay or return. Today’s residents, office tenants, retail patrons and pedestrians desire an integrated living, working, learning and shopping environment that is intentionally planned to create places that foster community and neighborhood growth.