As Wall Street Heads South, Florida Braces for a Gold-Plated Makeover

Lockdowns showed many wealthy finance workers they didn’t need to be in the main office, and they’re flocking to sunshine and low taxes.

Construction cranes pirouette above the skyline in Miami. Porsches are selling briskly in Coral Gables. Over in Palm Beach, along Worth and Hibiscus avenues, the Gucci set is counting new neighbors. The scent of fresh money hangs over Florida these days like the sweet smell of orange blossoms. In the midst of a deadly pandemic—and in truth, largely because of it—an optimism has taken hold among the state’s boosters.