Mixed-use developments combine multiple types of spaces within one development, typically blending residential, commercial, and office areas.
Vertical mixed-use developments combine different uses of space stacked on top of each other in a multi-story building. Retail spaces might be on the ground floor, office spaces on the second and third floors, and residential units above.
Horizontal mixed-use developments are spread out over a larger area, typically in a low-rise configuration, often where a shopping mall is adjacent to residential houses, or an office park with restaurants and cafes nearby.
Live/Work developments are where people can live and work in the same building, often ideal for individuals with small businesses, artists, or entrepreneurs who prefer a short commute.
Retail-centric mixed-use developments are a mix of residential and office space, that can be shopping malls with residential units or offices located on upper floors, or mixed-use developments with a strong emphasis on entertainment and dining.
Commercial and residential integration aims to create effective work-life balance in a single location, allowing for a flexible living environment, and are often found in urban or suburban areas.
Mixed-use developments can take many forms, depending on the location, goals, and needs of the community, but they all share the common goal of creating dynamic spaces that foster interaction, reduce the reliance on cars, and enhance the quality of life for residents and visitors alike.
Why Buy or Invest in New New Real Estate Developments in Cuba.
Cuba is a popular tourist destination, with its vibrant culture, beautiful beaches, and historical sites. Despite political and economic challenges, the tourism sector continues to grow, increasing demand for accommodations like hotels, resorts, and vacation homes.
The Cuban government has made efforts to attract international investment, particularly in tourism infrastructure. This presents opportunities for investors to get involved in developing properties catering to tourists, such as resorts, gated communities, boutique hotels, and rental properties.
While property ownership in Cuba has been historically restricted, recent economic reforms have allowed foreign investors to participate more fully in the real estate market, although it is still subject to strict regulation. Investors may see this as a window of opportunity before further liberalization.
Cuba's geographic position makes it a convenient location for trade, tourism, and business, especially as U.S. relations improve. It’s in close proximity to major markets in the Americas and could become a growing hub for business and tourism as restrictions ease.
As the government encourages foreign investment, it may be possible to enter into joint ventures with local entities to share the risks and rewards of luxury real estate development.
