Florida Road: Mixed-use offers many advantages
Essentially now part of a mixed-use environment, there are opportunities for working and living within walking distance. The neighbourhood has good private and government schools as well as social and commercial infrastructure.
While a significant number of the properties have been redeveloped and converted into commercial properties, there remains some vacant land and derelict properties that are ripe for development.
The Urban Improvement Precinct initiative has invested in the pavements and roads to minimise potholes and broken sidewalks. The highly visible Florida Road monitors, dressed in red, provide community policing and car guarding.
Sum is greater than the whole
The wide variety of businesses that have emerged in Florida Road means entrepreneurs and investors can feed off one another’s successes. This means the sum of the parts is greater than the whole and paves the way for more investment.