Larry Silvestri was recently interviewed by the Business Observer about how COVID-19 is impacting the Tampa Bay commercial real estate market. Read an except from the Q&A below:
Larry Silvestri has been practicing commercial real estate law for more than 35 years, representing clients such as a mall landlord, an electronics retailer, a real estate investment trust and a ground-up developer. In early 2015, the Michigan native left the Shops at Wiregrass developer Goodman Co., where he was senior vice president and general counsel, to open Silvestri Law. In the practice’s five-plus years, Silvestri has negotiated contracts, leases and other legal documents for numerous commercial real estate projects in the Tampa Bay area, with an emphasis on retail properties.
The St. Petersburg Chamber recently featured Silvesti Law on its Brights Spots Blog. See an excerpt of the writeup below:
Silvestri Law is a St. Pete-based commercial real estate law firm focused on delivering practical, cost-effective legal services for clients in connection with real estate transactions. From small business owners to regional investors, Silvestri Law helps clients navigate the legalities of leasing, buying, selling, developing, and financing commercial property. This includes helping you negotiate real estate deals, drafting and reviewing leases and contracts, performing due diligence, and taking appropriate action to solve any problems that may arise.
The St. Pete Catalyst's "Influencers" series features local business leaders who are making a positive impact in St. Pete. Read an excerpt from Larry Silvestri's Q&A for the series below:
Larry Silvestri founded Silvestri Law, a commercial real estate law firm, in 2015. He specializes in retail and shopping centers, but works in pretty much all asset types. He has represented many local businesses in St. Pete in their leases, including the new CellarMasters Wine Bar and Bottle Shop in the Edge District, The Spice & Tea Exchange at the Sundial, Smile & Cream coming to the new Artistry apartment building in Grand Central, and several clients in the Skyway Marina District.
LexisNexis recently featured Larry Silvestri in its attorney profile series. See below for excerpt of the article.
Larry Silvestri was fortunate to find satisfaction in his role as in-house counsel for a real estate developer. “It was kind of a dream career,” he says. “I really enjoyed it.” But after a long, successful business run, his employer began to wind down operations and Silvestri started looking for a change—in more ways than one.
“My wife and I decided to relocate…to be closer to our son,” Silvestri explains. “My next chapter was going into private practice."
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.