The Aftermath of the Amazon Prime NY Pull-out and South Florida
With the recent news that Amazon cancelled its plan to build its new campus in New York City, and the most recent announcement that Amazon does not intend to reopen its search at the current time, we are all most of us wondering where Amazon will eventually choose its second headquarters.
In fact, ads have appeared attempting to lure Amazon to the Sunshine State. Here is one from this past week’s Wall Street Journal:
As we had indicated in an earlier blog, South Florida cities vied with many other cities across North America for the Prime location. Miami was one of the finalists, with Miami -Dade County pointing to our connection with Latin America and the Caribbean and proposed eight sites to Amazon: five in Miami-Dade, two in Broward, and one in Palm Beach.
While political reasons were cited as a potential reason for Amazon’s pull-out decision, the question as to when Amazon eventually chooses a new corporate campus remains.
Is South Florida a “Prime” Location?
Should Amazon choose Miami, the excitement of the creation of nearly 50,000 full-time workers will be a boom to the local economy. Yet, with the boom, issues concerning home prices and costs of living to current and future residents remain. An escalation of rent, home prices, and traffic congestion are issues which are to be considered.
Regardless of the Prime Location, what about the data?
When Amazon had first searched for a new second headquarter, it received 238 proposals from cities and regions across North America. These proposals contained critical and sensitive information about the demographics about each community.
Now, that Amazon has this information, moving forward, Amazon can understand and plan accordingly because it has key information about each of the 238 communities’ demographics which is probably to them more valuable than actually building a new headquarters.
From the trenches,
Roy D. Oppenheim
Roy Oppenheim is a sought-after legal expert on issues relating to real estate, real estate litigation and commercial litigation. In 2009, he started the South Florida Law Blog to address the real estate market and foreclosure crisis. The Blog has been voted the best business and technology blog by the South Florida Sun-Sentinel. Mr. Oppenheim has been a contributor to Yahoo! Homes, featured on HuffPost Live, FOX News, and Lifetime TV, and quoted in prominent national publications, including USA Today, The New York Times, Huffington Post, WSJ, US News and World Report, The Financial Times, the National Law Journal,Florida Bar News, Sun Sentitnel and Miami Herald. Most recently, Mr. Oppenheim hosted an Ask Me Anything on Real Estate on Reddit. Mr. Oppenheim has also co-authored two law review articles: Deconstructing The Black Magic of Securitized Trusts, and The Emperor’s New Clothes.
Mr. Oppenheim founded Oppenheim Law, one of South Florida’s leading boutique law firms in Fort Lauderdale, Florida in 1989 with his wife Ellen Pilelsky, and, in 1994, he co-founded Weston Title & Escrow, a trusted South Florida real estate title company whose multilingual staff provides personal, concierge style service in the areas of real estate closings, title insurance, title searches and escrow services.
Weston Title: https://westontitle.com/
Original Version and Source from: https://southfloridalawblog.com/the-aftermath-of-the-amazon-prime-ny-pull-out-and-south-florida/ The Aftermath of the Amazon Prime NY Pull-out and South Florida
Tags: Amazon, Amazon Miami, Amazon New York