Amazon close to picking 2 locations for new headquarters

07 November, 2018, 11:07 | Author: Mary Valdez
  • Credit CBS3

Amazon has more employees in the two selected areas than anywhere else outside of Seattle, home of its main headquarters, and the San Francisco Bay Area, according to the New York Times. Dividing the 50,000 employees expected to staff the headquarters between two locations also would relieve pressures from demand for housing and transportation.

The split of the second headquarters dilutes the company's original promise of a megadeal, which cities and counties had been chasing with stunts and gimmicks, investing thousands of dollars in websites and presentations.

Andrew Cuomo met two weeks ago with Amazon officials in his New York City offices.

Earlier this week, The Wall Street Journal reported that Amazon plans to split its second headquarters into two locations versus choosing one city.

We already know that an Amazon distribution center will be moving into the old Bulova headquarters on Boody Street in Woodside, but Queens very well may get even more "Amazon" in the coming years. He told WRAL Statehouse Reporter Travis Fain that the state had not heard any news from Amazon.

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, US, January 29, 2016.

AP/Frank Franklin IILong Island City is reportedly one of the locations that Amazon has chosen for its HQ2.

The company's current market value is about $800 billion and analysts estimate Amazon will generate more than $230 billion in sales this year, according to FactSet.

"The Amazon jobs are just the tip of the iceberg", said Jeffrey Schulman, a marketing professor at the University of Washington business school who has studied the company's effects on Seattle.

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Long Island City and Crystal City would meet Amazon's requirements for a new locale: Both are near metropolitan areas with more than a million people, have nearby global airports, direct access to mass transit and have room for the company to expand.

On November 5, The Wall Street Journal reported Amazon's surprising plan to divide HQ2 into two.

What qualities is Amazon seeking for HQ2?

"Memo to the genius leaking info about Crystal City, VA as #HQ2 selection", Grella said. One will be the Crystal City area of Arlington, in Northern Virginia, two people said.

"My gut feeling is that the size of this project can not be easily supported by a single community, and therefore they will split this project into two communities", Austin economist Angelos Angelou, principal executive officer of economic development and site selection consulting firm AngelouEconomics, tells CultureMap. And before that, CEO Jeff Bezos - whose fortune is tied to his Amazon stake - became the world's wealthiest man in recent history.

If it comes to fruition, it'll be a shady move on Amazon's part. But the city "realistically" can support a split version of HQ2, he says. So in the meantime, I moved on to the next question, asking people in tech and commercial real estate this: Assuming Amazon doesn't give the final rose to Boston, why not?

New York City put up four neighborhoods as possible HQ2 sites in its bid. In Denver, 16 percent said they were somewhat or strongly opposed to having Amazon to set up shop there.

But Alec Karys, a startup adviser and investor, who briefly worked for Amazon in 2004, said the Virginia and NY moves "make no sense" to him.

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