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I think you misunderstood me. Whole Foods was unusual because it would buy the land and build shopping centers for its stores. The idea was that they could be t
by txsh 9y ago
I think you misunderstood me. Whole Foods was unusual because it would buy the land and build shopping centers for its stores. The idea was that they could be their own landlords and rent out the rest of the space to other companies that have similar products and services. That’s why you’ll often see a natural pet food store or an organic restaurant next to a Whole Foods. They attract customers to each other.
Over the years they’ve bought real estate based on the number of college graduates who live nearby. Having started in Austin decades ago they most certainly own a lot of land there in prime locations.
So, now that Amazon owns Whole Foods, it might already own a lot of the land it needs to build its new campus. If it builds elsewhere it might be much more costly.