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Amazon looks for more Miami office space after Bezos’ Florida move

November 28, 2023
in Business
Reading Time: 3 mins read
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Amazon looks for more Miami office space after Bezos’ Florida move
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Amazon is reportedly eyeing more office space in Miami after Jeff Bezos announced earlier this month that he’d be leaving his longtime Seattle home and decamping to the Sunshine State.

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The e-commerce behemoth is seeking roughly 50,000 square feet of office space, people familiar with the matter told Bloomberg.

The search began before Bezos revealed last month that he’d be ditching his Seattle digs, located just 10 miles from Amazon’s headquarters.

Amazon already has quite the presence in Florida, with 85 designated facilities in the state and at least two dozen more either planned or under construction.

The company also boasts more than 400 workers assigned to offices in the Miami area, according to The Palm Beach Post.

Of the 85 facilities in the state, seven are in the city of Miami and include delivery stations that span as much as 200,000-plus square feet, bulk delivery stations, and a 50,000-square-foot Amazon Prime Now Hub, where users can order same-day groceries or delivery services, according to The Palm Beach Post.

The retailer’s expansion in Miami comes after Bezos splashed out on two homes in the region’s “Billionaire Bunker” — formally known as Indian Creek, a man-made barrier island — that makes the 59-year-old Amazon founder’s Florida footprint worth a staggering $147 million.

Amazon is reportedly on the market for 50,000 more square feet of Miami office space after Jeff Bezos, 59, announced he’d be moving to the area full-time. Getty Images
Amazon was reportedly eyeing more office space before Bezos doled out a cool 7 million on two mansions in the Miami-areas “Billionaire Bunker,” a man-made barrier reef home to the ultra-wealthy. Dina Goldentayer Real Estate

Last month, Bezos scooped up a $79 million mansion on the island, complete with seven bedrooms, 14 bathrooms, a pool, theater, library, wine cellar, maids’ quarters, sauna, and six garage spaces, according to its Zillow listing.

In August, Bezos bought the three-bed, three-bath home next door for $68 million in an off-market deal — just one month after he proposed to his longtime flame Lauren Sanchez with a colossal diamond worth a reported $2.5 million.

Bezos reportedly has plans to bulldoze the $68 million pad and build a palatial megamansion. It wasn’t immediately clear if he also has plans to tear down his latest eight-figure enclave.

Bezos — the second-richest person in the world with a $172 billion fortune, according to Bloomberg — is not the only billionaire to set his sights on Miami, which has become an increasingly booming corporate hub.

Representatives for Amazon did not immediately respond to The Post’s request for comment.

Hedge fund manager Ken Griffin said that there’s a possibility Miami could one day overtake New York’s Wall Street as financial firms worried about rising crime rates migrate to the Sunshine State’s business-friendly climate and its lower taxes.

“Miami, I think, represents the future of America,” Griffin said earlier this month, praising the city’s “Incredibly vibrant economy” in remarks at the Citadel Securities Global Macro Conference in Miami, according to a transcript obtained by The Post.

In October, Bezos bought this seven-bed, 14-bath home for million. In August, he bought the three-bed, three-bath home right next door for million. Dina Goldentayer Real Estate
Amazon already has a workforce of roughly 400 in Miami. It’s unclear if more staffers will be relocated to the Sunshine State as the e-commerce giant expands its footprint in the area. AFP via Getty Images

The Citadel chief decamped his firm from crime-ravaged Chicago to Miami in June 2022 and recently splashed out on a $107 million home in Coconut Grove.

Griffin’s move came after Carl Icahn’s Icahn Capital Management ditched its posh Manhattan digs atop Fifth Avenue’s General Motors Building in favor of a 14-story office complex in a Miami suburb in August 2020.

Hedge fund tycoon Paul Singer’s Elliott Management — which oversees a total of $59.2 billion after shaking up investment targets including AT&T, Twitter, and the government of Argentina — also moved its headquarters from Midtown Manhattan to West Palm Beach, Fla., in October 2020.

In all, 160 Wall Street firms have moved out of the Big Apple in recent years — 56 of which took their business to Florida, sucking a whopping $1 trillion in financial assets under management out of Manhattan.

Credit: Source link

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