Town Centers Now on the Margins

Not too long ago, many developers wanted to build their new communities in bustling mixed-use town centers or thriving downtowns in major markets. But with the expensive price tag for land, the rising costs of construction and an overabundance of supply in these areas, multifamily developers are now looking elsewhere. In a recent Multifamily Executive article, Bob Thollander, vice president of development for Florida for Bainbridge Cos., discusses opportunities outside the urban box.