Amazon invented a neighborhood to serve its Seattle headquarters, but the restaurants it lured there are failing
When Amazon chose downtown Seattle for its massive urban campus, John Schoettler, Amazon's vice president of global real estate, wanted to create a thriving "18-hour" neighborhood.
To some extent, Amazon has succeeded. In a decade, nonstop development has transformed Seattle's South Lake Union and Denny Triangle from a sea of parking lots, car rental agencies, motels, and warehouses to gleaming office towers and luxury real estate.
Restaurants, gyms, cafès, and even medical clinics have moved in, drawn by Amazon's ever-expanding workforce and the promise of high-salaried residents due to move into the thousands of newly-built luxury apartments.
But for many of the neighborhood's new businesses, things haven't turned out exactly like they hoped. For one, they can't get customers in during non-work hours, at dinnertime and on weekends.
"The worst thing is having an empty restaurant and then trying to keep your staff motivated and energized," local restaurateur and chef Josh Henderson told Marketplace.
On a recent visit to Seattle, we checked out the so-called "18-hour" neighborhood.
- RBI Governor Das discusses ways to scale up UPI ecosystem with stakeholders
- People find ChatGPT to have a better moral compass than real humans, study reveals
- TVS Motor Company net profit rises 15% to ₹387 crore in March quarter
- Canara Bank Q4 profit rises 18% to ₹3,757 crore
- Indegene IPO allotment – How to check allotment, GMP, listing date and more
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market