For a long time, it has been hip to turn old warehouses and factories into condos and apartments in many parts of the country.
With the housing crunch in many urban areas, like the outer boroughs of New York and northern New Jersey, these residential uses made perfect sense. But Ken Colao, founding principal and president at CNY Group, has other ideas for these properties.
Colao thinks they should be converted into inventory centers, which could go a long way in fixing the e-commerce problems, like the toilet paper shortage, that COVID-19 exposed.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
