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Amazon to split HQ2 between two cities, WSJ reports

07 November 2018

Employees at Amazon's (AMZN) main campus in Seattle will be offered the chance to relocate. As the owner of The Washington Post, she said Amazon chief executive Jeff Bezos "has to be in D.C. anyway.and even more, I believe Bezos and his leadership need to be in D.C. more often because of the increasing likelihood of government regulation on Amazon". Across the East River from midtown Manhattan, Long Island City is a longtime industrial and transportation hub that has become a fast-growing neighborhood of riverfront high-rises and redeveloped warehouses, with an enduring industrial foothold and burgeoning arts and tech scenes. "I am doing everything I can", Governor Cuomo told reporters when asked Monday about the state's efforts to lure the company. "Because it would be a great economic boost". JBG Smith's portfolio now encompasses some 20 million square feet of office space, including 8 million of Crystal City's 10 million-square-foot office inventory.

Because Amazon is reportedly in "advanced talks" does not mean the deal is certain.

The Wall Street Journal reports that Amazon will split its much-anticipated HQ2 between two yet-to-be-named cities. However, New York City has been less explored as an option than the Virginia spot. Amazon had narrowed the list to 20 finalists in January.

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Amazon announced plans for a second headquarters in September 2017, saying that the company was growing faster than it could hire in its hometown Seattle. "You can see what it's done to the cost of living in Seattle".

The news surrounding Amazon's second headquarters was just breaking yesterday afternoon as Mayor Jenny Durkan wrapped up a press conference following a less-than-ideal federal police reform hearing. When touring cities, Amazon representatives met with local business leaders and sawpotential real estate sites. There's been intense competition to win over the company, with some throwing around billions of dollars in tax incentives.

In its original request for proposals, Amazon said it would pay workers at its new offices an average annual compensation of more than $100,000, making them better off than many New Yorkers. Each new office will bring 25,000 new jobs to whichever cities Amazon chooses.

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"What they were looking for was something that didn't exist, which was that the city was successful and large and affordable", he says.

50,000 new jobs into a single market.

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Amazon to split HQ2 between two cities, WSJ reports