Greendale Mall in Worcester could serve as the poster child for COVID-19’s acceleration of online shopping and demand for merchandise fulfillment services. The new owners of the 309,000-sq.-ft. mall that opened in 1987 on Neponset Street in Central Massachusetts’ largest city has filed plans to demolish it and replace it with a 121,212-sq.-ft. distribution center. When it acquired Greendale last year for $7.1 million, Finard Properties had plans for building a new mixed-use project on the site. Now, however, increased demand for product fulfillment moved the new owner to submit an application for the DC to the Worcester Planning Board.... ...more RSK: This is much different than re-purposing a mall. This is buying a location and using demolishing to get the land. Then build from ground up. It must be cost-effective to do so but modern-day distribution most likely does not fit well into an existing mall structure. Ken Notes: I am surprised zoning will allow this. I do believe Amazon will enter this market with a blended distribution / order pickup "store" as it looks for a way to sell larger products. They will need an existing retail store that owns its buildings and has national coverage like Whole Foods did for grocery. JCPenney??? Kohls??????? | ||
Share this article on you social outlets | ||
Our Sponsors - - Volume: 8 - WEEK: 49 Date: 12/1/2020 9:07:19 AM - |