Skip to main content

Amazon HQ2 talks reportedly narrow to Crystal City, Dallas and NYC


Amazon is reportedly getting close to finalizing the location of its $5 billion, 50,000-job second headquarters following a nationwide reverse-contest of sorts, wherein the tech company accepted bids and presentations from different city governments on why they should be the one to land Amazon HQ2. And now it appears that three locations are currently in the lead: Virginia’s Crystal City, Dallas and New York City.

After speaking to people familiar with Amazon’s plans, The Wall Street Journal reported this weekend that the search for the second headquarters has narrowed from the 20 cities originally shortlisted as potential locations. Discussions around Denver, Toronto, Atlanta, Nashville, Tenn., and Raleigh, N.C. have cooled somewhat while Amazon’s team has been having more talks with representatives of the other three cities.

Amazon’s impact on home affordability has been a major consideration, as the tech giant’s presence in Seattle has both created numerous jobs and driven up home values in the surrounding areas to astronomical levels.

Amazon has yet to pick its final location — the tech giant is said to be in different stages of discussion with each of the cities.

That said, northern Virginia’s Crystal City’s top real estate developer, JBG Smith, has reportedly taken some of its buildings off the leasing market while Dallas developers have also bought property on a site that has been set aside for Amazon.

Amazon is not commenting officially on the status of the discussions, although it has said that it will announce the HQ2 location by the end of the year.

Solving the largest crisis for agents: healthcare

It’s time for all real estate professionals to have peace of mind READ MORE

However, Amazon’s director of economic development Mike Grella tweeted on Saturday in response to a separate Washington Post article naming Crystal City as the likely frontrunner, “Memo to the genius leaking info about Crystal City, VA as #HQ2 selection. You’re not doing Crystal City, VA any favors. And stop treating the NDA you signed like a used napkin.”

Sources also told the WSJ that Amazon could, along with announcing the headquarters, also place smaller operations in cities that were runners-up for the final location.

Email Veronika Bondarenko


Amazon HQ2 talks reportedly narrow to Crystal City, Dallas and NYC curated from Inman

Comments

Popular posts from this blog

The Ultimate Guide To Family Law

Introduction The government has always had a fascination with families and the contract of marriage. State legislatures have passed many laws regulating the requirements for getting married and for obtaining a divorce. In addition, today’s laws also affect couples who live together outside of marriage. It is hard to give simple answers to many of the legal questions that a person may have about marriage, parenthood, separation, or divorce because the laws change and vary from one state to another. In addition, judges in different states with identical laws may decide cases with similar facts in different ways. This article describes the laws and court rulings common to most states. If you have other questions, please contact a lawyer in your state. You may also wish to contact a specialist. Many lawyers (particularly in urban areas) work only on family law or make it a large part of their general practice. Lawyers specializing in family law also may refer to themselves as specialist...

How To Flag Your Hotel In The Age Of Brand Proliferation

No doubt about it, we’re in the age of hotel brand proliferation. New brands seemingly sprout almost weekly. Counting the precise or official number of hotel brands is difficult. By my conservative estimate, nearly 100 new flags with at least eight properties have been launched since 2008, conceivably pushing the total number of brands to more than 700. This dizzying array of choices doesn’t the make the decision about which flag to fly on a property any easier for hotel developers. How do you decide when there are so many brands to choose from? Marriott , for example, has 30-plus brands under its umbrella spanning all chain scale and star levels of the hospitality industry. A successful hotel project begins with the selection of the right brand for your marketplace, physical site and price point. Although the macro dynamics of the lodging business are strong, a microanalysis of the destination in which you want to build will ultimately dictates your brand choice. Here’s a road ma...