Amazon HQ 2 cities: The company will split new headquarter locations, report says

The mega-project will be divided between two cities; New York is among the final 3 still in contention

National /
Nov.November 05, 2018 04:02 PM

  Jeff Bezos with Dallas and New York (Credit: Getty Images and Unsplash)

After months spent deliberating which of the 20 finalist cities will host its second headquarters, Amazon appears to have made a decision. And it’s a surprise.

The e-commerce giant will split its planned $5 billion HQ2 between two cities, according to a report in the Wall Street Journal.

The offices will be the same size and both will employ up to 25,000 people each, the Journal reported.

The news comes just after reports that Amazon had narrowed its choices to Crystal City, Virginia; Dallas; and New York.

Amazon announced its plans to build a second headquarters last fall and attracted 238 proposals from around the country. The company said it would employ 50,000 people for the new HQ2, with a total investment of around $5 billion. The announcement set off speculation, analysis and predictions over where HQ2 would touch down, all of which has yet to subside. Some investors have made risky plays to try to cash in on the planned move, scooping up real estate where they think Amazon will eventually settle.

Since January, when Amazon narrowed the initial list of cities to 20, it hasn’t provided more information about its preferences. In addition to New York the finalists also include Los Angeles, Miami, and Chicago, among others.

Analysts say splitting the headquarters among two cities could ease potential housing, transit and infrastructure issues. [Wall Street Journal] — Dennis Lynch 


Related Articles

arrow_forward_ios
From left: John Perez, Christian Amato and Nathalia Fernandez in front of Jacobi Hospital in the Bronx (Getty Images, JacobiPeds.org, ChristianAmato.com, John Perez)
Political candidates band together to oppose affordable housing proposals
Political candidates band together to oppose affordable housing proposals
Arlington Village at 3100-3124 Atlantic Avenue in East New York, Brooklyn (Google Maps, Getty)
Developing in downtrodden areas gets dicey
Developing in downtrodden areas gets dicey
800 East Main Street and AMS Acquisitions' Avi Abadie (Town of Yorktown, LinkedIn)
Luxury senior housing proposed for vacant Westchester office
Luxury senior housing proposed for vacant Westchester office
D&F Development Group’s Peter Florey and the development site at the northwest corner of Pulaski and Elwood Roads in East Northport (D&F Development Group, Google Maps)
Four decades in making, East Northport project clears key hurdle
Four decades in making, East Northport project clears key hurdle
From left: Century Development's Group’s George Xu and City/Rybak Development’s Sergey Rybak with 78-29 Austin St./11-36 45 Road
Rybak, Century file to build Queens multifamily projects
Rybak, Century file to build Queens multifamily projects
ZappiCo's Jim Zappi and Pocantico Lake (ZappiCo Real Estate Development, Google Maps)
Developer wants 29 waterfront homes; Nimbys want none
Developer wants 29 waterfront homes; Nimbys want none
Miki Naftali with 215 West 84th Street (Getty, Corcoran)
Naftali takes hit in battle with UWS holdout
Naftali takes hit in battle with UWS holdout
CW Realty's Cheskie Weisz and an aerial of the development site at 296 4th Avenue, 288 4th Avenue, 21 Denton Place (CW Realty, Google Maps)
Cheskie Weisz plans 200 Gowanus apartments
Cheskie Weisz plans 200 Gowanus apartments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...