The phrase refers to high-end, multi-unit residential properties located in shut proximity to the person looking for such residences. As an example, a person positioned in downtown Chicago would possibly use this search time period to seek out upscale condominium buildings inside the quick metropolitan space.
Finding premium residences in a handy geographical space affords quite a few benefits, together with diminished commute occasions, entry to native facilities, and the potential for elevated property worth relying on market situations. Traditionally, the need for accessible, upscale housing has pushed city growth and influenced residential actual property developments.