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Amazon becomes industrial real estate powerhouse

(Credit: Amazon)

Amazon has opened a 205,000-SF last-mile delivery facility at Prologis’ 1055 Bronx River Avenue in Soundview. The e-commerce giant also announced plans to open another 139,700-SF delivery station at Innovo Property Group’s 511 Barry Street in Hunts Point during the second half of the year, Crain’s reported.

  • Industrial is key infrastructure: U.S. aviation regulators have approved the first fully automated commercial drone flights, granting American Robotics Inc., a small Massachusetts-based company, permission to operate drones without hands-on piloting or direct observation by human controllers or observers, according to the Wall Street Journal.
  • Why it matters: The decision by the FAA limits operation of automated drones to rural areas and altitudes below 400 feet, but represents another step in its broader effort to authorize widespread flights.
  • Sooner than you think: Other regulatory decisions made recently –– a unique remote ID for every drone and new safeguards for flights over populated areas –– were particularly sought by Alphabet’s aviation unit and Amazon. These decisions will eventually pave the way for consumer package-delivery using commercial drones, WSJ noted.
  • Amazon is just getting started: The tech giant will also open the following delivery stations this year: Realterm Logistics’ 1502 Bassett Avenue (366,000 SF) in Morris Park; Turnbridge Equities + Harbor Group’s 2300 Linden Blvd (90,000 SF); Wildflower’s 12555 Flatlands Avenue (211,000 SF) in East New York; and Matrix Global Logistics Park on Staten Island (975,000 SF). [Crain’s+WSJ+PressRelease]

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