Two respected financial services companies choose Miami Beach for their expansion plans

Andreessen Horowitz and JAWS will expand the office footprint within the city’s thriving business and technology community –

Venture capital firm Andreessen Horowitz (a16z) and JAWS, the family office of Starwood Capital founder Barry Sternlicht, have announced expansions in Miami Beach. The two will be relocating to Starwood Capital’s corporate headquarters building at 2340 Collins Ave.

“Attracting more financial services and technology companies will create lasting economic opportunity and impact as we diversify our economy and generate more high-skilled jobs,” said Miami Beach Mayor Dan Gelber.

With over 400 employees, a16z backs bold entrepreneurs, investing in seed to venture into late-stage ventures in industries including bio+health, consumer, crypto, enterprise, fintech, games and businesses that lean towards American dynamism. Founded in Silicon Valley in 2009, a16z manages over $33 billion in assets across multiple funds. The company is represented by Alec Kirschner and Brandon Charnas of Current Real Estate Advisors and is expanding into the area with a five-year lease of approximately 8,000 square feet in a Class A office building.

“Establishing a long-term presence in Miami Beach helps us expand our work in the region to collaborate with founders in new ways, build lasting relationships, and support the area’s already thriving tech community,” said Phil Hathaway, Chief Operating Officer, a16z. “We are thrilled to call Miami Beach a new home for a16z and look forward to welcoming entrepreneurs, investors, and business and community leaders to our space.”

JAWS is also making a long-term commitment to Miami Beach with plans to hire approximately 10 employees over the next few years. With ties to Starwood Capital and investing focused on the e-commerce, software, consumer goods and technology sectors, JAWS sees Miami Beach as a natural fit to expand its team and footprint.

“We are thrilled to move our headquarters to Miami Beach, and working with the City of Miami Beach has helped expedite this process,” said Sternlicht, who founded JAWS. “It’s refreshing to see a municipality take a proactive approach to welcoming businesses like ours, and we look forward to contributing to the region’s economic growth.”

Since launching the business incentive program in late 2021, Miami Beach has helped a number of other technology and financial services companies expand or relocate their operations. both a16z and JAWS participate in the city’s Expedited Plan Review and Permitting Program in which permit applications are processed within 10 business days. The city’s Job Creation Incentive Program provides up to $60,000 per year for targeted industries over four years.

“The City of Miami Beach is thrilled that these influential venture capital, investment and wealth management firms will soon make a bold move and join the city’s ecosystem, which continues to thrive and attract newcomers every day. more and more amazing businesses,” the Miami Beach chief economics officer added. Development Rickelle Williams.

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