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The city has neglected my neighborhood for decades. Anything that was undesirable for the city was put around us. Thus more industrial going up.
Residential would make things really really crowded here.
Without doxxing my location the the price range of these units will be quite high. New townhomes normally start at like $600k to $800k so I would assume these would be middle to upper middle income levels with a few units having price controls slapped on them. (county law)
high income residents I think is generally a net benefit, will come with all sorts of downstream benefits like nicer restaurants and stores, better schools, etc
Although I may be thinking more in the context of high density urban areas with a mixed economy like in LA. Not sure if your context would match this
Ehh it depends the community I live in has been gentrified already. Yet the city struggles with basic parking enforcement and other maintenance items that people tend to ignore like putting covers on water pipe valves.
Where would these new residents work? High income or low income primarily?
I personally would have leaned towards residential. Yes it will put pressure on traffic and existing public spaces, but likely there will be further developments to mitigate that