Final answer:
A building divided into residential and commercial condos is known as a mixed-use development, which serves diverse community needs.
Step-by-step explanation:
When a building is divided into 2 condos for residential and commercial use, this arrangement is commonly referred to as a mixed-use development. In real estate, this type of development integrates residential living with commercial activities to create a multifunctional space. The concept supports the idea that people can live, work, and play in one location, which can contribute to the vitality and sustainability of a community as depicted by the community needs assessment tool. The inclusion of diverse perspectives and needs in the planning process ensures that such developments serve the community needs effectively.