October 28, 2025

Beyond the Core: U.S. Mixed‑Use Developments Leaning into Restaurant Anchors and Lifestyle Retail

Across the U.S., mixed-use developments are increasingly integrating restaurant and lifestyle-retail elements as key value-drivers, especially outside traditional downtown cores — offering new opportunities for hospitality property managers.

The broader U.S. commercial-real-estate environment is undergoing structural shifts — partly driven by office-market turbulence, the maturing of industrial, and the elevation of mixed-use lifestyle assets. According to Deloitte’s latest outlook, as of August 2025 there is around US$585 billion of “dry powder” for CRE deployment, and lenders are increasingly selective, targeting assets with stable cash-flows and strong fundamentals.   At the same time, a global outlook on CRE estimated that completions in 2025 will be above the 2021-24 peak across key U.S. markets, underlining supply momentum.  

What this means for restaurant/retailed commercial assets:

  • Mixed-use developments — combining apartments, offices, hospitality and retail/restaurant — are more attractive because they diversify income streams and create “captured” foot-traffic for restaurants.
  • Restaurant tenants function as key activation drivers for ground floors, making the hospitality component a strategic part of the asset, not an after-thought.

From a property-management standpoint, you’re being asked to manage more complex ecosystems: resident/office users + guest diners + neighborhood foot-traffic + shared services (parking, loading, delivery). Staffing, operations and lease-structures must reflect that complexity.

For example: if you manage a mixed-use asset where the ground-floor restaurant generates evening/weekend traffic, you need service infrastructure (waste removal, deliveries, ventilation, HVAC) built for that use; you also need CSM for the restaurant customer base plus the residential tenants. The more seamless the orchestration between hospitality operator and property manager, the higher the value.

In conclusion: The U.S. trend toward mixed-use developments with restaurant/retail anchors offers fertile ground for hospitality-oriented property management models. Firms that adapt to this layered operational model behind the scenes will gain an edge.