The Covid-19 pandemic shifted how millions of Americans work, shop, and travel helping supercharge the e-commerce boom. To keep pace, the New York City Department of Transportation (DOT) has expanded their successful neighborhood delivery program which aims to accommodate deliveries to residential streets by providing dedicated space at the curb for vehicles to safely conduct their pick-up and drop-off activity of goods and passengers. Trucks deliver about 90 percent of goods and services to New York City but what drives the business class is real estate. New York’s residential, retail and office markets have struggled during the pandemic. However, due in part to the e-commerce boom, the industrial real estate market has held up well.
At the intersection of e-commerce and industrial real estate is of course, Amazon. Amazon has announced plans to open two new delivery stations in Red Hook, Brooklyn. Amazon Logistics announced it has signed leases for these locations:
- 640 Columbia St. in Red Hook, a 336,350-square-foot building expected to open in early 2022.
- 280 Richards St. in Red Hook, a 151,000-square-foot building expected to open in early 2022.
Also, the 211,000-square-foot delivery station at 2300 Linden Blvd. in East New York is now officially open for business. “These new delivery stations represent Amazon’s unwavering commitment to safety, technological innovations, and skilled teams who are obsessed with delivering for our customers,” Amazon spokeswoman Emily Hawkins said.
The growing Amazon portfolio in the NYC metro area includes:
- 1502 Bassett Ave. in the Bronx.
- 511 Barry St. in the Bronx.
- 66-26 Metropolitan Ave. in Middle Village, Queens.
- 12555 Flatlands Ave. in East New York, Brooklyn.
- 2 Westbury Ave. in Carle Place on Long Island.
The above listed industrial spaces should all be up and running at some point in 2021.