The Easton Group acquired property in Hialeah Gardens and plans to develop it into a distribution warehouse.
This would add to the industrial development boom in the northwest corner of Miami-Dade County and potentially help serve the growing e-commerce distribution sector.
Despite concerns about food service in the age of social distancing, Shoma Group plans to open a new food hall in Doral by late 2020.
The food hall is expected to serve pent up demand for those craving collective experiences, even if they will have to remain six feet apart.
Although there are some rising uncertainties, the industrial sector appears to be weathering the current crisis caused by the coronavirus outbreak better than other industries. Despite nationwide shutdowns of construction sites, warehouse developments were deemed essential in most states. In 16 of the current top 20 markets for industrial space construction, workers are actively building, according to CBRE.
Commercial Property Executive reached out to industrial developer Bridge Development Partners for a close-up on the industrial market. Jeff Milanaik, Northeast region partner, unveiled how the sector is impacted and what is behind the sector’s strength during this global health crisis.
