Parking Lots

The other canonical under-utilized asset in Kyle’s Alternative Real Estate thesis — paired with Malls as the built space worth reimagining rather than writing off. The framing is the same arbitrage logic crystallized in The New Urban Crisis: under-used or distressed footprint becomes “a huge buying opportunity… if you have a formula / strategy for increasing the value of that land.” Parking lots are the everyday example of land whose surface use vastly under-prices its potential.

Kyle’s June 18, 2026 link capture tagged the BBC Future piece The Massive Farms Emerging Beneath Our Cities here — reading the repurposing of tunnels, basements, and dead retail/parking footprint into food production as a concrete reinvention of exactly this kind of under-used space.

Context: Surface parking lots consume a large share of land in many U.S. cities and are increasingly seen by urbanists and developers as prime infill-redevelopment opportunities — convertible to housing, mixed-use, solar, or other higher-value uses as car dependence and parking minimums are reconsidered.

Where this appears

• Alternative Real Estate — parking lots as a canonical under-utilized asset to reimagine via the land-value arbitrage thesis.
• The Massive Farms Emerging Beneath Our Cities — repurposing under-used built space (including parking footprint) for urban farming.
• Malls — the companion under-utilized asset in the same reinvention thesis.