Retail to Last Mile? Retail to Multifamily?

[Jake Randolph]

Hello All, 

Is anyone on here interested in redevelopment - retail to distribution centers? or retail to multi-family? 

I'd love to start having a discussion and potentially put together a group/project. 

Outside of the STNL sector or grocery shopping centers, the retail investment market and demand has and is  declining. Volatility and risk in the product type coupled with an economic slowdown... investors just aren't and won't be looking to place capital in the retail sector when other areas like multifamily and office remain hot. 

There are a lot properties, cities and ownership have been hoping will bring in new big retailers, but many of these properties will never bounce back. 

This last year I've worked with a company, expanding their entertainment concept into vacant/closed big box retail spaces across the country. During that process, I  looked at over 150 properties. Toys R Us, Office Max, Sports Authorities, etc. 

 One of them was a vacant Kmart property that I presented to a client 1.5 years ago to convert to indoor boat storage (near big vacation lake)... they didn't pursue... last week it was announced U-haul had purchased the property to convert to indoor storage. 

I'm looking to make better connections and explore some opportunities. My sector in retail is changing and will continue to so I'd like to set up to capitalize on new avenues.