The combination of retail, residential and commercial property means there’s always life in a mixed-use development, so there are very few areas that aren’t in use around the clock.
The impact on operating costs can be significant. Consider the practical implications, for example, in a development that’s home to residential property alone. Here, parking areas and walkways have to be lit even when there aren’t people around during the day. In a mixed-use development like Melrose Arch, these areas are constantly populated, which translates to less wastage. At night, the residents who live there are home, and there are scores of people who frequent the restaurants, bars, hotels and enjoy other leisure options on offer. By day, it’s used by office workers, shoppers, diners, people who work remotely, etc. So instead of these activities happening in separate locations – office buildings and shopping malls – everything co-exists more efficiently and economically within a mixed-use environment.
Businesses and offices that are based here, or relocate their operations to a place like Melrose Arch, benefit from these efficiencies. There are obvious cost implications to managing and running places more efficiently, but there are also positive spinoffs for the environment, a factor that is increasingly influencing decision-making. Sustainability, eco-efficiency and environmental considerations are no longer nice-to-haves – they’re standard requirements. There’s pressure on businesses all over the world to play a part in protecting the environment. You could argue that basing your operations in Melrose Arch could help your business shrink its carbon footprint because all of the water-, energy- and cost-saving measures are already in place. All you need to do is plug into them. And it doesn’t cost you anything more than your rent because the infrastructure is already in place and has been for years.
Apart from benefiting the bottom line and the environment, people are the other winners when offices and businesses are located in mixed-use precincts. They have the option of going for a walk or a run outside, sitting in the sun, meeting a friend or colleague over coffee and being able to walk there safely from their office, they can go to the shops or to the gym without having to drive anywhere, they can take public transport and do so safely and easily from designated points in the precinct… and a lot more. It’s easy to see how the lives of employees are improved by the range of options they have when working in a mixed-use precinct. And it logically follows that a happier workforce is a more committed, productive and loyal workforce, which can only benefit your business.
So, have you considered basing your office here, or relocating your business to Melrose Arch? It makes sense on many levels, not least of which, your bottom line.