Quote:
Originally Posted by chris08876
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I think we have to be patient. Good things take time. Just like with the Citadel buying spree in Brickell. In other words, sometimes the underdog can't be underestimated. New winners and future top dogs may arise in time.
We shall see. If a Citadel move triggers others to follow suit, than the odds start to be in this developments favor (or others for that matter).
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My bet is Citadel will trigger others to follow. This is a big deal for Miami. I have already come across of a recruiting firm considering of opening an office in Miami because of Citadel's announcement, as well as other financial firms opening offices in Miami.
Citadel is Chicago's largest hedge fund and they run the 9th largest in the world (
https://en.wikipedia.org/wiki/List_of_hedge_funds). This is a big company in Chicago let alone Miami. And Millenium mangagment has been expanding rapidly as well in Miami (
https://www.bloomberg.com/news/artic...rida#xj4y7vzkg). They are the world's 4th largest fund.
The more (major) companies relocating to the area the higher the confidence gets for others to make a commitment and lower the risk becomes. I anticipate Miami being a powerhouse of the 2020s in the US and becoming a bit of a Dubai of the Western Hemisphere. It already is a preferred location for events on the East Coast taking some of the convention business from Vegas. This is also part of Dubai's playbook.