Amazon May Split HQ2 Location Between 2 Cities

07 November, 2018, 04:42 | Author: Brooke Harris
  • Dallas and New York also still in Amazon HQ2 finalist pool report says

Amazon is also close to a deal to move to the Crystal City area of Arlington, Virginia, a Washington suburb, one of the people said. Seattle-based Amazon is expected to unveil its HQ2 as soon as this week.

Two other statistics may also stand the submarket in good stead with Amazon executives. Long Island City is a short subway ride across the East River from Midtown Manhattan. However, the company is not exactly denying the report's accuracy.

"I was afraid if we landed Amazon, they'd take all the oxygen out of the room", said David Townsend of real estate firm Newmark Knight Frank. "Because it would be a great economic boost".

But while visions of throngs of wealthy taxpayers suddenly appearing in their cities lured many officials, other expressed concerns that an unprecedented flood of young, highly-educated, well-paid workers from elsewhere might destroy the very charm and culture of the cities that made them so alluring in the first place.

Crystal City seems to be the surest bet at this point.

Amazon has not confirmed any of the reports.

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Amazon announced a year ago that the retail giant was looking to open a second headquarters somewhere in North America, bringing with it as many as 50,000 new jobs.

A new report suggests that Amazon's highly sought-after HQ2 won't go to one city, but two.

Amazon's headquarters is in Seattle, where the company's "urban campus" is woven into the fabric of the city.

The internet retailing giant had issued an eight-page request for proposals to North American municipalities interested in hosting the rapidly expanding company's new digs, pledging a $5 billion investment and 50,000 new jobs over the next 20 years.

Another top contender is Dallas, which has a lower cost of living and has proposed incentives such as tax abatements and grants, according to the Journal.

Leaks about the final stages of Amazon's search for a second headquarters have been pouring out over the past few days. "Not a single city or site". Not far behind is Newark, New Jersey, which announced $7 billion in incentives to attract the company. The paper was also told that Amazon would be able to use a pair of buildings to host "several hundred employees" within nine months if the city is chosen. Jed Kolko, the chief economist at job site Indeed, said that choosing NY and the D.C. area would "be a much less radical move than many imagined" and another example of "rich places getting richer".

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