Smart Home Technology Palm Beach Florida
- Home
- Smart Home Technology Palm Beach Florida
Premium Digital Control & Automation serves clients in Palm Beach County, Florida, the leading county in the state of Florida for both people and income growth by a wide margin, according to a Unacast study. It’s also the playground for smart home technology.
A 30,561-square-foot mansion in North Palm Beach that was bought for $1.5 million years ago was listed recently for $37 million, after the owner automated his home and did other smart renovations.
The house’s smart home technology system includes a glass elevator, wine room, movie theater, a full-house generator and a six-car, climate-controlled garage. Outside, an infinity-edge pool with multiple spas and over 450 linear feet of water frontage on a canal provides access to the Intracoastal Waterway.
Who Lives in Palm Beach
West Palm Beach is the media darling, but the entire county is thriving. With a population of 1.4 million, it is third in terms of population size to Miami-Dade and Broward counties, but it has the most net population flow, with 11,100 new migrants; 44 of them billionaires – in its 10.4-square mile area, with some of the most innovative smart home control and workplace automation systems.
Many of Premium Digital’s clients come from New York’s Wall Street which now comprise the most number of residents here. The permanent moves of hedge fund companies and private equity firms based in New York have certainly transformed the county and turned it into Wall Street South, its new moniker.
It didn’t happen overnight. Many of the executives from these firms were traveling snowbirds who stayed in their second homes in the county during wintertime.
Nearly 60,000 New Yorkers pay a visit to Palm Beach for 8 or more weeks. When the pandemic happened, many decided to stay for good – with about 70,000 high net-worth New Yorkers taking $34 billion in lost income with them.
They’re homeowners that are also renting offices that require smart technology. Used to having smart home controls, they are adding variations of these automation systems for their offices and commercial establishments – for security and efficiency.
Movers from New York
Doug Cifu, CEO of Virtu Financial and co-owner of the Florida Panthers can no longer see why people stay in New York. He was quoted as saying, “ I see no reason why a hedge fund or private equity firm should stay in New York. It makes no sense to me whatsoever.” He has moved his office from New York to the DiVosta Tower located in Palm Beach Gardens, Florida.
For her part, Kelly Smallridge, president and CEO of Business Development Board, says, “It has been the most economic activity we’ve seen in the past three decades from one industry, referring to the corporate relocations in Palm Beach County,
The Business Development Board of Palm Beach County (BDB) has facilitated 31 corporate relocations that Premium Digital Control & Automation is tapping for its smart home service. Other companies have selected Palm Beach County for their relocation or expansion over the past year.
Thanks to South Florida’s tropical climate and non-existent state income tax, these companies found the best reasons to stay – and to do business.
Companies that have moved to Palm Beach County
Based on the raw number of people and the average net income flow, Palm Beach also gained $3.4 billion in new income in 2020.
FINFROCK is erecting a $36-million, 140,000-square-foot manufacturing facility in West Palm Beach County, while AeroClean Technologies set up its new manufacturing headquarters in Palm Beach Gardens.
SIW Solutions is looking forward to a 168,000-square-foot headquarters in central Palm Beach County where it will manufacture high-end impact windows and doors. From the Netherlands, V2Techs moved to Palm Beach County to compete in the electric ships market specializing in clean energy and marine industries.
EXUMA Biotech will open a new 6,500 square-foot research lab with 100 life science positions in Palm Beach. From California, GlobalListings will have a downtown office in West Palm Beach to house its largest online international real estate listings.
Palm Meadows Thoroughbred Training Center announced a multi-million-dollar equestrian project in Boynton Beach. The Shyft Group moved its manufacturing facility to a new 35,000-square-foot facility.
Amazon announced its third facility in Palm Beach County, with the latest one extending over a million square feet. Jupiter Center for Discovery opened a new life science incubator in Jupiter, transforming 25,000 square feet of lab space.
MPLT Healthcare formed a 23,000-square-foot corporate headquarters in Boca Raton, Florida. Niagara Bottling added 115,000 square feet of space to its 409,000-square-foot manufacturing and distribution facility.
Florida now has the talent, university, infrastructure and trained workforce, says Rob Poster of the mortgage company, New Day USA. He was quoted as saying in an interview with ABC news 25, WPBF.
