Philip Goforth of Missouri is a real estate developer, renowned for his expertise in crafting transformative, mixed-use developments in urban landscapes. In the following article, Philip Goforth delves into the how his passion for creating vibrant urban spaces has left an indelible mark on Missouri’s real estate scene. From visionary concepts to tangible impact, Goforth explains the artistry and foresight that are required to forge thriving, mixed-use environments.
Not so long ago, the concept of mixed-use developments was nowhere to be seen. In fact, it was a rather futuristic idea. In the present, though, that mixed-use urbanized world has come to be rather quickly. Not to mention, it’s thriving.
As the planet continues its ever-quickening pace toward a wholly urbanized society, unique challenges around sustainability and health have arisen. However, it appears that mixed-use developments are emerging as the solution to integrating a plethora of land uses into one cohesive, happy, walkable neighborhood. This seamless blend crafts dynamic, vibrant environments that meet (and exceed) communities’ needs.
Philip Goforth of Missouri explains that while interconnectivity is a term often saved for the digital world, its notion appears at the forefront of this increasingly popular urban design. Fostering a sense of convenience, vitality, and social connection, the benefits of living, working, and playing in these ecosystems are profound. Perhaps the secret to longevity and overall wellbeing rests on societies existing akin to ants, building architecture that adapts and evolves to fit everybody’s expectations.
Philip Goforth of Missouri Explains the Mixed-Use-Development Boom
The interest in mixed-use developments is on the rise. Residents, city planners, and investors alike are buying in to the pivotal shift that thoroughly leans toward the integration of residential, recreational, and commercial spaces.
But where has this architectural trend come from?
Until recent years, it’s been a relatively gradual trajectory boost. However, Philip Goforth of Missouri says that the coronavirus pandemic marked an unprecedented upswing in the demand for walkable neighborhoods that provide convenience, accessibility, and a sense of social connection. Hence, mixed-use developments, which offer an enticing blend of retail space, offices, entertainment hubs, and housing units, found their way onto many city planners’ tables.
Couple that with the results of a National Association of Realtors (NAR) survey showcasing how over 50% of Americans would rather walk or bike to work if they had the choice, and the reasons behind this increased interest become even clearer.
In a nutshell, today’s city dwellers prefer next to no commute times, an abundance of leisure opportunities, and countless opportunities for interactions with fellow human beings.
Transforming Urban Planning and Community Living
Shunning the static, commonplace nature of traditional constructions, mixed-use developments plan for flexible resilience with spaces that suit people’s constantly evolving professional and personal lives. Philip Goforth of Missouri says that the diverse nature of these environments encourages inter-generational, cultural, and civic use of one location, ensuring 24/7 activation — a must-have for quicker occupancy, higher rents, lower vacancies, and residents’ well-being.
It’s safe to say mixed-use developments are transforming urban lives in a myriad of ways. However, the benefits stand out most in four specific sectors: walkability and health, social, environmental, and economic.
Walkability and Health
Pedestrian-friendly infrastructure (e.g., sidewalks, green spaces, bike lanes) is at the heart of these developments, encouraging residents to walk and use health-focused modes of transport. Philip Goforth of Missouri notes that through the promotion of walkability, these communities decrease traffic, reduce car reliance, and improve air quality while slashing obesity, diabetes, and heart disease rates.
Social Connectivity
Integrated living abolishes commuting distances and offers an improved work-life balance, giving residents access to essential amenities (e.g., restaurants, cafes, shops, entertainment venues, grocery stores) within walking distance. Philip Goforth of Missouri explains that such availability cultivates social connectivity and relationship building among residents of all ages and backgrounds, fostering a stronger sense of community over a short amount of time.
Environmental Enhancements
The very nature of mixed-use developments is sustainable thanks to the decreased need for long travel and boosted resource efficiency. Philip Goforth of Missouri says that the minimized urban sprawl is a major advantage, preserving green spaces for prolonged biodiversity. Plus, many urban planners use green building practices in these projects for added environmental benefits.
Economic Improvements
From an investor’s point of view, mixed-use developments are far more appealing, as they spread risk across various asset classes to ensure strong income, regardless of economic conditions in particular categories. Philip Goforth of Missouri also points out the notable economic growth that is experienced locally through increased local employment opportunities.
The Future of the Ever-Urbanized World
With the World Health Organization reporting that 70% of the global population will live in entirely urbanized areas by 2050, the positive impact that mixed-use developments can have on these individuals, their families, and communities are becoming more vital than ever before. For the majority of the world, these integrated locations will become their tickets to a physically, financially, socially, and mentally happy life.
