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Broward Attracting Companies!

By
Commercial Real Estate Agent with THE JMTEAM NETWORK BK3212919

Broward Attracting Companies!

HOTWIRE is moving its Headquarters from Philadelphia to Fort Lauderdale Hotwire Communications announced Thursday it plans to create 375 jobs and retain 300 existing jobs in making the former BankAtlantic building its headquarters and dubbing it the "Hotwire Technology Center."

The new jobs pay an average annual wage of $51,266. Hotwire's fiber optics infrastructure is used for fast internet access, HD television, digital phone service and home security.

The private company was founded by Karp and husband Michael in 2000 to provide cable to apartments owned by his real estate company.

 

 

 

 

Hotwire fiber optics already are in Broken Sound Club and Woodfield Country Club residential communities in Boca Raton and many condominiums in Miami, with plans to go into the new Paramount and Auberge Beach condominiums on Fort Lauderdale beach, said Mark Hansen, regional vice president for Hotwire.

In April, Hotwire purchased the 185,000-square-foot, former BankAtlantic building at 2100 W. Cypress Creek Road for $21 million, according to County records. The telecommunications provider is making a $27 million investment in the site, according to the Greater Fort Lauderdale Alliance, which worked with Hotwire on the headquarters site.

The Cypress Creek west area, called "uptown downtown" by local officials, is home to major technology companies including Citrix Systems, Microsoft and BAE Aerospace. The company considered many sites for the headquarters, including Georgia.

Posted by

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Terry McCarley
Coastal Real Estate - Cape Coral FL - Cape Coral, FL
REALTOR, SRES, CDPE - Cape Coral, FL

That is great news for Fort Lauderdale!  I had not heard about this so thanks for sharing!

Sep 15, 2016 11:29 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning JM.  Great news for your area.  New business, new people moving to your area, which means more business..

Sep 16, 2016 08:02 PM
JM Padron, CCIM, CCP
THE JMTEAM NETWORK - Orlando, FL
CCIM, CCP, International Commercial Broker

Besides all these additional incentives, we do have a great advantage here in Florida:No State Tax!

Sep 16, 2016 09:47 PM