Illustrating just how far the race to label everything "mixed-use" has gone, yesterday's New York Times, highlighted a recent transaction of the $11.5 million acquisition of a "mixed-use" site in New York's Lower East Side neighborhood.
The image, scanned here, reveals a Manhattan tenement with street-level retail. Is that all it takes to be mixed-use?
In fairness, the buyers, Triangle West, may see some upside in the site. According to the Times, the deal includes three two-story buildings and two-five story buildings, but also includes 20,000 square feet of additional air rights.