CRE property owners have increasingly been getting involved with electric vehicle chargers to satisfy the needs of visitors and tenants. Now some are getting interested in different areas of high-tech transportation.
Vestar has announced a new partnership with driverless auto company Waymo — part of Google parent Alphabet. Vestar retail property Tempe Marketplace is offering "exclusive ride-share discounts" to all visitors with Arizona State University students getting a particular pith. They will get 25% off on their ride. There will be other assorted store discounts available to those using the cab service.
The specifics aren't so important as much as what lies under them. Retail developments always have to consider transportation. They need to be conveniently close to the most likely shoppers, maybe having public transport options and sufficient parking. If consumers cannot easily get to a given location, they won't spend their money.
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