Analysis

3 Issues In Converting Parking To E-Commerce Delivery Space

Law360, New York (November 7, 2016, 2:41 PM EST) -- Developers in the Bay Area and beyond are eyeing a conversion of residential parking space to storage lockers for e-commerce and even grocery delivery, although such repurposing comes with various complications, according to lawyers.

Daniel Roehl of property management software firm RealPage Inc. said at a recent conference in Chicago that millennials' preference not to drive and the anticipation of driverless cars is spurring some developers to convert parking space to storage lockers where residents would pick up their groceries at the end of the day, although cost — both for the conversion and loss of revenue stream — is a...

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