with Moda Living, BNP Paribas & Knight Frank
With the decline of the high street and bricks and mortar retail, this panel looks to how we can repurpose this underused space for residential development.
Residential developments have a chance to increase the value of their schemes and address the high street crisis by redesigning retail spaces into community-led homes. This would be perfectly suited to build-to-rent developments which will provide the community experience and high footfall for residents and the local area.
“By incorporating retails provisions into our schemes, we’re opening them up to the wider community while also providing a lot of footfall for outlets. There will be a lot of people in these schemes which can provide a lot of footfall” says Johnny Caddick, managing director of Moda Living.
This could also be further supported by the development of mixed-use schemes on the high street, which blend the offering of residential, commercial and leisure space into one place to create a thriving community that can support local retailers and other businesses.
But, developers are still calling for a streamlining of planning as the outdated use-class system means the process of getting mixed-use developments through planning is slow and inefficient.
Moda Living and Caddick Developments
Head of Retail Agency and Development
Partner and Head of Retail Research