Question about developers. Is it possible/feasible for a developer to develop mixed-use property, already existing structure, with commercial (retail, restaurants etc.) on the ground floor and residential on the second and third floors. So a Plan of Condo to split and sell of owner-occupied condos, and than sell the rest of the building, ground floor to another company to handle everything else. Can that be done?
That the new owner would basically take ownership and hassle of retail/restaurant etc. on the ground floor (possibly developing that area) and the original owner to remove themselves from the equation after the sale of and development of the condos.
Would an investor / another developer even want the hassle of the ground floor, or would the possible of more income for them attract them to the deal?