There are now over 2,300 cities and towns across the US where Amazon offers free same-day grocery delivery for Prime members. This means a 2-hour delivery from an Amazon Fresh or Whole Foods Market. And apparently, 90% of what people buy this way is perishable, namely, fruit. Perishable food purchases also increased 30x this year, according to the company.
When it comes to online grocery shopping, this falls under what is typically referred to as the "delivery" bucket. There are three main shopping categories. The delivery bucket, which is now the largest category, gets fulfilled through a local grocery store. It's an Instacart worker or someone else collecting your food and delivering it to your home.
The next largest bucket is pickup, or click-and-collect. This is where a consumer buys what they want online and then picks it up in person. Lastly, there's the ship-to-home category. This is typically for non-perishable products, and the difference here is that the goods are coming from a distribution center, as opposed to a local grocery store. Think of it like a typical purchase from Amazon.
The grocery model continues to evolve rapidly. But local stores — and the real estate that houses them — seem to be remaining central to it. In Toronto, I don't normally shop at Whole Foods Market, but there is one very close to Parkview Mountain House that I like shopping at when I'm in Park City. And every time I go, it feels more like an Amazon store.
There's special pricing and deals for Prime members. The Amazon One palm scanning technology is at every register. And there's an Amazon return facility in the store to deal with that thing you erroneously ordered from China. It's all becoming seamlessly integrated with the broader Amazon ecosystem.
So from a real estate standpoint, the brick-and-mortar store is not being supplanted in the way that people once speculated. The physical store is just continuing to evolve to meet a changing omnichannel landscape, acting as a grocery store, distribution center, physical customer service center, casual restaurant, and more.
If anything, this makes the real estate more, rather than less, valuable.
Cover photo by Karsten Winegeart on Unsplash

Most of us have heard of the so-called "Blue Zones." These are the parts of the world where there is an exceptionally high number of centenarians — people over the age of 100. We've talked about this topic before, covering the importance of things like diet, community, and constant moderate physical activity. But I would like to reiterate just how impactful our physical environments can be on our overall well-being.
The island of Sardinia is one of the world's Blue Zones. But it's not actually the entire island of Sardinia; it's a specific inner mountain region that is the Blue Zone. And in this region, at least two things are fascinating: First, the men have some of the longest average life expectancies in the world and second, the men live just as long as the women do. This is unique. Ordinarily, women outlive men. But not here.
The data overwhelmingly suggests that this outcome is the result of topography and employment. Because it is a mountainous region, the built environment is filled with steep inclines and staircases everywhere you go. The result is that even walking down the street to go to church or the grocery store results in organic moderate physical activity.
At the same time, the men in this region have historically worked as shepherds. This meant that work also involved walking up and down hills all day. Again, more organic moderate physical activity. Because of this, research has found very significant correlations between longevity and pastoralism, the average slope of the territory, and the average daily distance required to reach work. The steeper the better.
There's little mystery here. We know that more activity is better for us than less. The challenge is that we can't all live in bucolic mountain towns and chase sheep around all day. Modern society demands a lot of sitting and typing and vibe coding. We also have a market economy that is constantly looking for ways to make our lives more convenient so that we're able to do even more sitting around.
We try to compensate for this with gyms and other fixes (“

We completed and started renting Parkview Mountain House in Park City, Utah about a year ago. Construction took slightly longer than we had initially scheduled, but we finished construction under budget, which is always a good thing. Getting our building permits was easier than expected (thank you, Summit County) and closing them out involved as much back and forth as you would expect for a challenging mountain site. I would happily build another project in Park City.
Some of our greatest challenges happened on the legal and financing side. When we acquired the site, we formed a single-purpose Limited Partnership in Utah that was initially owned by one of Globizen's Canadian corporations, and later with two other partners (another Canadian corporation and a New York LLC).
Limited Liability Companies (LLCs) are very common in the US. They offer a kind of hybrid "sweet spot." They offer the limited liability that comes with corporations, but with the option of having the pass-through taxation you get with Limited Partnerships. However, they don't exist in Canada, and so the legal and tax advice we got was to instead form a Limited Partnership. I'll come back to this later.
The first challenge we had was the seemingly simple task of opening up a bank account for the project LP. Wells Fargo, Chase, and others would not accept a Utah LP owned by a Canadian corporation. Too foreign. Too complicated. We finally managed to get one opened with US Bank, and they've been great, but being Canadian still poses challenges. For example, I can't use their mobile app in Canada. And I can't deposit cheques/checks online without first verifying my mobile number. But I can't verify my mobile number because their system won't send codes to Canadian numbers.
The next hurdle was construction financing. It was frustrating to learn about all of the simple and cost-effective "one-close solutions" available to US entities, but not available to foreign nationals. We could have gotten a great rate, and a construction loan that automatically converts to a permanent facility at substantial completion. Instead, we had to finance construction through a combination of equity, lines of credit, and a private loan. Not ideal, but at least the draws were flexible and easy.
Then came our take-out loan at completion. This proved to be impossible with our legal structure and foreignness. So much so that we ended up having to convert our Utah Limited Partnership to a Limited Liability Company, and become "members" of the LLC personally. This is a clean, common, and widely accepted structure for real estate ownership in the US. But in order to do this, we had to have KPMG advise us on how we could do this without triggering a massive tax liability. We were able to figure that out and close the facility. But our year-end tax filings are going to be a little more complicated this year.
There are now over 2,300 cities and towns across the US where Amazon offers free same-day grocery delivery for Prime members. This means a 2-hour delivery from an Amazon Fresh or Whole Foods Market. And apparently, 90% of what people buy this way is perishable, namely, fruit. Perishable food purchases also increased 30x this year, according to the company.
When it comes to online grocery shopping, this falls under what is typically referred to as the "delivery" bucket. There are three main shopping categories. The delivery bucket, which is now the largest category, gets fulfilled through a local grocery store. It's an Instacart worker or someone else collecting your food and delivering it to your home.
The next largest bucket is pickup, or click-and-collect. This is where a consumer buys what they want online and then picks it up in person. Lastly, there's the ship-to-home category. This is typically for non-perishable products, and the difference here is that the goods are coming from a distribution center, as opposed to a local grocery store. Think of it like a typical purchase from Amazon.
The grocery model continues to evolve rapidly. But local stores — and the real estate that houses them — seem to be remaining central to it. In Toronto, I don't normally shop at Whole Foods Market, but there is one very close to Parkview Mountain House that I like shopping at when I'm in Park City. And every time I go, it feels more like an Amazon store.
There's special pricing and deals for Prime members. The Amazon One palm scanning technology is at every register. And there's an Amazon return facility in the store to deal with that thing you erroneously ordered from China. It's all becoming seamlessly integrated with the broader Amazon ecosystem.
So from a real estate standpoint, the brick-and-mortar store is not being supplanted in the way that people once speculated. The physical store is just continuing to evolve to meet a changing omnichannel landscape, acting as a grocery store, distribution center, physical customer service center, casual restaurant, and more.
If anything, this makes the real estate more, rather than less, valuable.
Cover photo by Karsten Winegeart on Unsplash

Most of us have heard of the so-called "Blue Zones." These are the parts of the world where there is an exceptionally high number of centenarians — people over the age of 100. We've talked about this topic before, covering the importance of things like diet, community, and constant moderate physical activity. But I would like to reiterate just how impactful our physical environments can be on our overall well-being.
The island of Sardinia is one of the world's Blue Zones. But it's not actually the entire island of Sardinia; it's a specific inner mountain region that is the Blue Zone. And in this region, at least two things are fascinating: First, the men have some of the longest average life expectancies in the world and second, the men live just as long as the women do. This is unique. Ordinarily, women outlive men. But not here.
The data overwhelmingly suggests that this outcome is the result of topography and employment. Because it is a mountainous region, the built environment is filled with steep inclines and staircases everywhere you go. The result is that even walking down the street to go to church or the grocery store results in organic moderate physical activity.
At the same time, the men in this region have historically worked as shepherds. This meant that work also involved walking up and down hills all day. Again, more organic moderate physical activity. Because of this, research has found very significant correlations between longevity and pastoralism, the average slope of the territory, and the average daily distance required to reach work. The steeper the better.
There's little mystery here. We know that more activity is better for us than less. The challenge is that we can't all live in bucolic mountain towns and chase sheep around all day. Modern society demands a lot of sitting and typing and vibe coding. We also have a market economy that is constantly looking for ways to make our lives more convenient so that we're able to do even more sitting around.
We try to compensate for this with gyms and other fixes (“

We completed and started renting Parkview Mountain House in Park City, Utah about a year ago. Construction took slightly longer than we had initially scheduled, but we finished construction under budget, which is always a good thing. Getting our building permits was easier than expected (thank you, Summit County) and closing them out involved as much back and forth as you would expect for a challenging mountain site. I would happily build another project in Park City.
Some of our greatest challenges happened on the legal and financing side. When we acquired the site, we formed a single-purpose Limited Partnership in Utah that was initially owned by one of Globizen's Canadian corporations, and later with two other partners (another Canadian corporation and a New York LLC).
Limited Liability Companies (LLCs) are very common in the US. They offer a kind of hybrid "sweet spot." They offer the limited liability that comes with corporations, but with the option of having the pass-through taxation you get with Limited Partnerships. However, they don't exist in Canada, and so the legal and tax advice we got was to instead form a Limited Partnership. I'll come back to this later.
The first challenge we had was the seemingly simple task of opening up a bank account for the project LP. Wells Fargo, Chase, and others would not accept a Utah LP owned by a Canadian corporation. Too foreign. Too complicated. We finally managed to get one opened with US Bank, and they've been great, but being Canadian still poses challenges. For example, I can't use their mobile app in Canada. And I can't deposit cheques/checks online without first verifying my mobile number. But I can't verify my mobile number because their system won't send codes to Canadian numbers.
The next hurdle was construction financing. It was frustrating to learn about all of the simple and cost-effective "one-close solutions" available to US entities, but not available to foreign nationals. We could have gotten a great rate, and a construction loan that automatically converts to a permanent facility at substantial completion. Instead, we had to finance construction through a combination of equity, lines of credit, and a private loan. Not ideal, but at least the draws were flexible and easy.
Then came our take-out loan at completion. This proved to be impossible with our legal structure and foreignness. So much so that we ended up having to convert our Utah Limited Partnership to a Limited Liability Company, and become "members" of the LLC personally. This is a clean, common, and widely accepted structure for real estate ownership in the US. But in order to do this, we had to have KPMG advise us on how we could do this without triggering a massive tax liability. We were able to figure that out and close the facility. But our year-end tax filings are going to be a little more complicated this year.

But the better and more fundamental solution is organic moderate physical activity. Meaning, moderate physical activity that we don't have to actively seek out, and that is organically embedded throughout our everyday lives. It's best when it's a lifestyle. And this is one of the reasons why I view cities where walking and cycling are ingrained as a great luxury. All else being equal, these places are destined for better health outcomes.
If I look up my Apple Health data for 2025, there are very clear spikes in steps whenever I'm traveling. This makes sense. It's because I like going to places where I can walk around all day and be physically active. I can only sit on a beach for so long. But it's also ironic that modern life dictates that I have to go on vacation in order to be more active. That's not how Blue Zones work.
There is no greater luxury than our health. Without it, nothing else matters. And so I think it behooves us to make it a fundamental component of city building.
Cover photo by Valentina Uribe Posada on Unsplash
In the end, we overcame the obstacles. But it was certainly challenging, more so than the actual building part I'd say. Every time I mentioned that I was Canadian, I came to expect a pause, where the other person would then need to start processing what to do next. As international as the US is, it feels paradoxically insular when it comes to the things I described in this post. But this is how you gain experience. Now we'll be slightly better prepared for our next US project, whatever that might be.
Note: Nothing in this post should be viewed as legal or financial advice. I'm just sharing our experiences.

But the better and more fundamental solution is organic moderate physical activity. Meaning, moderate physical activity that we don't have to actively seek out, and that is organically embedded throughout our everyday lives. It's best when it's a lifestyle. And this is one of the reasons why I view cities where walking and cycling are ingrained as a great luxury. All else being equal, these places are destined for better health outcomes.
If I look up my Apple Health data for 2025, there are very clear spikes in steps whenever I'm traveling. This makes sense. It's because I like going to places where I can walk around all day and be physically active. I can only sit on a beach for so long. But it's also ironic that modern life dictates that I have to go on vacation in order to be more active. That's not how Blue Zones work.
There is no greater luxury than our health. Without it, nothing else matters. And so I think it behooves us to make it a fundamental component of city building.
Cover photo by Valentina Uribe Posada on Unsplash
In the end, we overcame the obstacles. But it was certainly challenging, more so than the actual building part I'd say. Every time I mentioned that I was Canadian, I came to expect a pause, where the other person would then need to start processing what to do next. As international as the US is, it feels paradoxically insular when it comes to the things I described in this post. But this is how you gain experience. Now we'll be slightly better prepared for our next US project, whatever that might be.
Note: Nothing in this post should be viewed as legal or financial advice. I'm just sharing our experiences.
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