Propmodo, a global source that explores emerging technologies and the built environment, recently interview Larry Silvestri about how COVID-19 has changed the way retailers use parking lots. See an excerpt below:
Parking lots have become more than just parking lots. Since the onset of COVID-19, we’ve witnessed an expedited evolution of parking lots and spaces: from an over abundant eyesore of asphalt to a buzzing hub where communities can begin to rebuild and businesses can begin to recoup lost revenue. Walmart parking lots have been transformed into drive-in theaters to host movies and virtual concerts. Ghost kitchens and food trucks are springing up in empty lots across the country. Main Street has been taken over by outdoor eating areas that extend beyond the sidewalks and into the parking lanes. Retailers are offering customers “contactless” experiences through curbside pick-up, and pop-up distribution centers are occupying vacant lots in the form of freight containers. Parking lots might be peaking.
National Real Estate Investor recently interviewed Larry Silvestri on the speculation that e-commerce giant Amazon could be planning to open distribution centers in vacant big-box mall spaces. See an excerpt from the article below:
Perhaps more than any other modern company, e-commerce behemoth Amazon.com Inc. has disrupted the retail landscape. Within that territory, Amazon is now poised to shake up the retail real estate sector.
The Wall Street Journal reported on Aug. 9 that Amazon is exploring a partnership with Simon Property Group Inc., the country’s largest mall owner, to convert empty Sears and J.C. Penney spaces into Amazon distribution centers. Two days later, CNBC reported that Amazon might open some of its new large-format grocery stores—not Amazon-owned Whole Foods locations or Amazon Go no-cashier convenience stores—at Simon properties.