“Building Amenities that... Pay?”
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It’s a multifamily developer’s dream -- A retail operator that juices the bottom line and simultaneously offers a service that residents actually want (and might even pay for)...
Look around in most cities and you’ll see beautiful new apartment buildings standing on newly built -- yet vacant -- retail spaces. These spaces are typically raw shells with ugly signage, and occasionally alluring lifestyle imagery to show what could be… someday. Or maybe never.
With ghost kitchens and deliveries of damn near anything at the touch of a button, not to mention Amazon’s earthly takeover, ground floor retail has seen better days.
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