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Miami’s Brickell Financial Center Submerges as Irma Descends

The following excerpt is from an article that originally appeared on Newsmax Economy

Brickell Avenue, South Florida’s version of Wall Street, turned into a fast-moving river Sunday as Hurricane Irma flooded a district lined with wealth managers, banks and luxury hotels.

Water over the roadway was a few feet deep, as side streets turned into tributaries near the local offices of Morgan Stanley, JPMorgan Chase & Co. and H.I.G. Capital, a Miami-based asset manager. At least two cranes collapsed and a roof blew off a home in nearby neighborhoods.

The flood waters promised to disrupt business in a district that was transformed over the past decade, with office towers and luxury condominiums now dotting the skyline where little sat when Hurricane Andrew hit Florida 25 years ago. The region also includes a Four Seasons and a high-end outdoor shopping mall anchored by a Saks Fifth Avenue. A number of large law firms also have outposts along the avenue.

But companies had days to

Click here to Read this Entire Story on Newsmax Economy


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