Miami Developers Tweaking Plans To Include Less Retail, BiggI do not believe. It is possible for people to stay at home for a long time. It is not possible mentally. Human can not stand 24/7 day under the same roof anybody even with their children and wife . You can not get performances. Maybe they will meet with their customers in the park or Sturbuck haha. This gives a very good reputation to the customer. Based on the experience I have seen for 20 years, the bankers and what my friends of mine who works at the bank says to me Whenever the bankers say to you buy, you have to sell. when they say to you you buy you sell
https://www.bisnow.com/south-florida/news/construction-development/andrew-hellinger-miami-urban-x-104279
Urban-X Group principal Andrew Hellinger said retail won't die because people still want to get out of the house for experiences. Stores like TJ Maxx are successful because people experience "the joy of shopping" when they envision something that will make them look or feel better. River Landing Shops & Residences, a $425M development by Urban-X, is an 8-acre, mixed-use development under construction on the Miami River and set to open in the coming months. Tenants include Planet Fitness, Publix Super Markets, Burlington Stores, TJ Maxx, Ross Dress for Less, AT&T, Old Navy, Chick-fil-A and Hobby Lobby. Hellinger said just as online shopping didn't completely kill brick-and-mortar retail, online meetings won't replace the workplace. He said he is in talks with a potential office tenant. "They were going to take 4K SF, but they said, 'maybe we'll take 6K or 7K SF because you can't have people working on top of each other,'" he said. "You have to put more distance between them." He mused that a tenant that was going to take a whole floor of office might take one and a half or two. As developers go forward, they should take lessons from the coronavirus and apply them as needed. "We have learned that we don't have enough warehouses to stock toilet paper in South Florida," he quipped.
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