What are benefits of mixed use development?

A mixed-use development is a real estate project with planned integration of some combination of retail, office, residential, hotel, recreation or other functions. It is pedestrian-oriented and contains elements of a live work play environment. The benefits of mixed-use buildings and properties include the following,
1.Mixed use developments tend to provide integrated set of products from real estate perspective which tend to self-sustain in mutual relationship
2.It maximizes space usage, has amenities and architectural expression and tends to mitigate traffic and sprawl.
3.Creating pedestrian-friendly environments thanks to the short distances between living, work, commercial and recreational destinations.
4.Stimulating more variety in the design of and options for single and multifamily housing.
5.Encouraging development within dense, more compact areas of land.
6.Such developments tend be more sustainable as compared to other exclusive asset classes.