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This BLOG is focused on updating you on the most significant new sales and listings in the Park City area market on a weekly basis. All content is original. By finding and discussing what makes some properties standout in terms of location, design, and price, I can help buyers spot locations and property types that may meet their needs. I select properties from all members of the Park City Multiple Listing Service that have quality video presentations. These videos are the next best thing to an actual property tour. When you are sure that an actual visit to one or several properties is worth your time, we can make that an enjoyable experience. If you are considering the sale of a property you own, it can pay big dividends to see what comparable properties are selling for vs. what properties you may be competing with are listed for.

I don’t shy away from expressing my opinions concerning this market and I’ve had many years of experience in doing so, but I need to know what you want to accomplish before I can really help you. This website and my BLOG are just first steps in a process that needs to add value to your efforts, so pick up the phone and call me or send along any comments you have on my BLOG posts.

 

 

James Lewis

Senior Partner
Branch Broker for The Colony
2200 Park Ave., Suite A200
Park City, UT 84060
Cell: 435.901.9898
Office: 435.649.7171
jameslewispc@gmail.com

 

 

SUTTER'S MILL WAS NOT "SELECTED" AS THE SITE OF THE CALIFORNIA GOLD RUSH

By Jim Lewis
Sep 09, 2017

In an August 7th post - "A low tech solution to high tech recruiting" I discussed the growing competition for high tech talent by financial and tech companies. Talent fleeing the high cost of living in coastal areas are now prime targets for Utah firms and Utah's much lower housing costs are one of our prime attractions. A very interesting article in today's WSJ entitled "Why Amazons Growth Ambitions Don't Fit In Seattle" by Laura Stevens sheds new light on that discussion. https://www.wsj.com/articles/why-amazons-growth-ambitions-dont-fit-in-seattle1504954806  . Amazon is now seeking a site to construct a second corporate headquarters in North America that would cost an estimated $5 billion and eventually house an additional 50,000 workers. The company is looking for proposals by October 19, 2017 and Utah is interested in that opportunity and will have lots of competition. What was interesting to me was  some of Amazons location preferences:

  • Metro areas with more than 1 million people
  • A stable and friendly business environment
  • The ability to attract and retain strong technical talent
  • Within 30 miles of a major population center
  • Within 45 minutes of an international airport.
  • 1-2 minutes from major highways and arteries.
  • Utah's Wasatch Front and Wasatch back meet these general requirements and in fact Salt Lake City has already been selected for an Amazon distribution center with construction underway. That facility is located not far from the new $2 billion Salt Lake International Airport expansion. Amazon states that jobs created would exceed $100,000 in annual compensation so competition will be fierce. Real estate site selection experts are putting forth locations like Boston, Chicago, Dallas, Atlanta & Minneapolis and no one is mentioning Utah, but I think this search should be a warning to movers and shakers in Silicon Slopes. Odds are that Utah won't be selected, but if not, our perfect fit will eventually attact one of the major players in Amazons league. If our emerging tech industry "home boys" think recruiting is a challenge now, just wait until an Amazon-like event comes to town.

Tags: Will Utah compete for Amazons second corporate headquarters?
Posted in Uncategorized | 0 Responses to "SUTTER'S MILL WAS NOT "SELECTED" AS THE SITE OF THE CALIFORNIA GOLD RUSH"

 
 
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