Developers see green in turning golf courses into warehouses

Industrial space race prompts conversions, but some object

National /
Mar.March 24, 2021 12:30 PM
A photo illustration of the Broadmoor Golf Course in Oregon (Broadmoor, iStock)

A photo illustration of the Broadmoor Golf Course in Oregon (Broadmoor, iStock)

It’s a hole-in-one for warehouse developers.

Builders have been turning golf courses into warehouse locations as the industrial space boom continues, according to Bloomberg Businessweek.

In May, for example, Onondaga County in New York announced that Amazon would build a $350 million distribution center over 111 acres of land formerly occupied by the Liverpool Public Golf and Country Club. The facility will exceed 3.8 million square feet.

Similarly, the United Parcel Service plans to build a million-square-foot warehouse and distribution center in Philadelphia on what used to be a golf course. And Prologis will construct a 345,000-square-foot industrial building on the Broadmoor Golf Course in Portland, Oregon.

“With golf you’re just limited to the income of the ongoing business concern,” Keith Cubba, national director of Colliers’ Golf Course Advisory Services, told Bloomberg Businessweek. “There’s going to be a much higher yield on 200 acres of residential or commercial.”

Still, some issues arise with such conversions. Golf courses are often zoned as commercial, recreational or open space. Additionally, locals can object to the idea of a warehouse replacing a serene golf course.

[Bloomberg Businessweek] — Sasha Jones






    Related Articles

    arrow_forward_ios
    Cherre CEO L.D. Salmanson (Cherre/Facebook)
    Real estate data firm Cherre raises $50M
    Real estate data firm Cherre raises $50M
    (Tropicana Las Vegas via Facebook, Bally's Corp)
    Bally’s buys Las Vegas’ Tropicana casino for $150M
    Bally’s buys Las Vegas’ Tropicana casino for $150M
    Doctors and medical professionals have remained on time with their rent payments in the past year (iStock)
    Medical offices are just what the doctor ordered for landlords
    Medical offices are just what the doctor ordered for landlords
    The rate of loans sent to special servicers continued to fall in March. (Unsplash)
    CMBS special servicing rate declines in March
    CMBS special servicing rate declines in March
    Tesla’s Gigafactory (Tesla)
    Over 340M sf of industrial space set for delivery in 2021
    Over 340M sf of industrial space set for delivery in 2021
    JLL CEO Christian Ulbrich. (Getty)
    JLL explores sale of China property management wing
    JLL explores sale of China property management wing
    Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
    Dollar General thrives amid retail apocalypse
    Dollar General thrives amid retail apocalypse
    Bill Lee (Lee & Associates/YouTube)
    Lee & Associates founder Bill Lee dies
    Lee & Associates founder Bill Lee dies
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...