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Thread: Amazon has paid $116.6 million for nearly 400 acres near the Intel site in New Albany

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    Question Amazon has paid $116.6 million for nearly 400 acres near the Intel site in New Albany

    Ohio - Amazon has paid $116.6 million for nearly 400 acres near the Intel site in New Albany, Ohio...


    Screenshot 2023-01-26 at 12-11-05 Amazon spends 7M on 400 acres close to where New Albany Tec.png



    Amazon bought close to 400 acres near the Intel site in New Albany for around $117 million.


    At the same time, an entity tied to the New Albany Co. has filed a series of applications with the Ohio Environmental Protection Agency for approximately 5 million square feet of space at New Albany Tech Park, as well as multiple data center facilities measuring millions more square feet on and near the land purchased by the technology giant. Three transactions totaling $116.7 million were recorded by the Licking County Auditor last week. Amazon Data Services Inc. bought parcels measuring 201 acres, 101.9 acres and 89.2 acres on Beech Road NW.


    The land is part of the more than 1,600 acres annexed from Jersey Township to New Albany last year. About 900 acres were for Intel Corp.'s $20 billion semiconductor complex, which is close to the property purchased by Amazon. What Amazon (Nasdaq: AMZN) plans to do with the properties is unclear. An Amazon spokesperson said the company "has a practice against commenting on our future roadmap."


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    Virginia + Ohio.

    Is Seattle going to become just nostalgia for Amazon?
    Let's go Brandon !!!

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    Quote Originally Posted by DGUtley View Post
    Ohio - Amazon has paid $116.6 million for nearly 400 acres near the Intel site in New Albany, Ohio...


    Attachment 54689



    Amazon bought close to 400 acres near the Intel site in New Albany for around $117 million.


    At the same time, an entity tied to the New Albany Co. has filed a series of applications with the Ohio Environmental Protection Agency for approximately 5 million square feet of space at New Albany Tech Park, as well as multiple data center facilities measuring millions more square feet on and near the land purchased by the technology giant. Three transactions totaling $116.7 million were recorded by the Licking County Auditor last week. Amazon Data Services Inc. bought parcels measuring 201 acres, 101.9 acres and 89.2 acres on Beech Road NW.


    The land is part of the more than 1,600 acres annexed from Jersey Township to New Albany last year. About 900 acres were for Intel Corp.'s $20 billion semiconductor complex, which is close to the property purchased by Amazon. What Amazon (Nasdaq: AMZN) plans to do with the properties is unclear. An Amazon spokesperson said the company "has a practice against commenting on our future roadmap."


    Attachment 54690


    Attachment 54691


    Attachment 54692
    I could have found them 400 care, or 4,000 much cheaper than that!

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    That, unless my math is wrong, which it may very well be, is $29,000.00 per acre $116,000,000 / 400 = $29,000.00. that may not be excessive for prime commercial property
    Here is some commercial property in Florida that is quite pricy

    https://www.land.com/property/4.32-a...orida/6449470/
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    Quote Originally Posted by OLD GUY IN FLORIDA View Post
    That, unless my math is wrong, which it may very well be, is $29,000.00 per acre $116,000,000 / 400 = $29,000.00. that may not be excessive for prime commercial property
    Here is some commercial property in Florida that is quite pricy

    https://www.land.com/property/4.32-a...orida/6449470/
    I'm sure the local contractors are thinking they will need plenty of $250,000 housing lots nearby. Will build to suit our profits.
    Let's go Brandon !!!

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    If I recall correctly, New Albany is hoity toity. $250K won't do it for a home there.
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    Quote Originally Posted by carolina73 View Post
    Virginia + Ohio.

    Is Seattle going to become just nostalgia for Amazon?
    Amazon is probably just building another distribution center. They have them all over the place.
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    Amazon bought a defunct shopping mall here in Knoxville, tore it down, and built a distribution center. It hasn't gone live yet, but it's easy access to I-40 and I-81, I-75 and a number of other major highways.

    There has been a boom of apartment/condo complexes going up since it was first rumored to be coming to the area.

    Now we also have a Buccee's at Exit 407 of I-40, with the Cherokee Nation planning on building a theme park and eventual casino at the same exit, just to further congest the area.
    "I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -- James Madison

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