Managing Capital Budgets & Projects in Mixed-Use Developments

Mixed-use developments sound great! Condo residents can pop downstairs to the grocery store, office workers have a food court handy for lunch, everyone can access the subway easily through a tunnel, and that parking garage has space for everyone! Property Managers know the reality though – no matter how much thought the Developer put into the documents, you’re always finding new grey areas, and projects no-one budgeted for. This session will examine the special challenges of capital work in mixed-use developments where ownership boundaries are unclear, responsibilities are shared, and access sometimes requires easements. The presentation will examine typical areas of overlapping use and benefit and different ways of budgeting for and managing shared repair and replacement projects.

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