launched sales last year for a 43-home community, and acquired roughly 85 acres west of Southwest 152nd Avenue in Homestead for another development.Īt Tuesday’s meeting, board members questioned the traffic impact the project will create, but praised the addition of 466 full-time employees once the warehouse is operational.Īmazon’s hiring plans will likely spark interest in nearby rental and for-sale housing, as well as lead to new leases from third-party logistics companies that service e-commerce, brokers say. There’s been talk for years about building a casino in Florida Citysouth of the Florida Keys Outlet Center on Southwest 344th Street and east U.S. Horton paid $11.5 million for more than 25 acres in Florida City last year. Within eight miles of the future Amazon site, homebuilder D.R.

The area continues to get more developed. Asking rents are $13.81 per square foot, up 4 percent from the previous quarter and up almost 10 percent year over year.Ī spokesperson for Amazon said the company doesn’t comment on future projects, but said the land purchase announced in July “provides us with the flexibility to quickly respond to our future network needs.” ET) Casino Closing The Seminole Hard Rock Hotel and Casino announced it is closing to all non-registered hotel guests starting at 8 a.m. In the second quarter, the vacancy rate was 2 percent with only 38,000 square feet of warehouse space under construction, according to data from Colliers International.

Amazon’s presence could push industrial rents higher.