Amazon Reportedly Plans to Locate HQ2 in Long Island City, Dallas or Virginia

John Jordan | November 2018

Jeff Bezos, chairman and CEO of Amazon.

NEW YORK—While the online retailing giant has yet to announce its intentions, multiple press reports state that Amazon has decided to split its highly sought after HQ2 requirement or its second corporate headquarters to two locations and the finalists are: Long Island City, Queens; Crystal City, VA and Dallas.

The Seattle-based company last year announced its intent to select a second headquarters and invest approximately $5 billion and employ 50,000 workers at the selected location. Publications, including the New York Times, Wall Street Journal, Baron’s and others have reported that Amazon has decided to split the requirement to two locations and is seriously considering Long Island City, Crystal City, VA, which sits across the Potomac River from Washington, DC, and Dallas for HQ2.

Amazon has not commented on the press reports that indicate the company is in advanced talks with the three cities that are vying for the project that will now house approximately 25,000 Amazon workers.

Municipalities from across the country submitted proposals for the HQ2 requirement, including Westchester County and New Rochelle, for example,

If the press reports are correct and Amazon, which has extensive operations already in the New York metro region, does indeed select Long Island City as one of its HQ2 locations, there could be a ripple effect for the surrounding area considering the sheer size of the requirement.

Amazon executives met with New York officials three times between April and September and then again in October. At that time, New York City Mayor Bill de Blasio made his final pitch to Amazon, according to the Wall Street Journal.

On Oct. 31, New York City announced the city will invest $180 million in infrastructure improvements in Long Island City.

The city’s investment focuses on schools, transportation and open space. In fact, one of the largest city expenditures will be $60 million from the School Construction Authority that is earmarked for the construction of a new school in the Court Square area. In its announcement, the planned investment was not linked to the Amazon requirement by city officials.

“The Long Island City Investment Strategy brings improvements in community infrastructure to a neighborhood that has experienced rapid growth,” said Mayor de Blasio when announcing the Long Island City investment. “We are investing $180 million in Long Island City to address the needs of today while preparing for a more sustainable future.”

New York Gov. Andrew Cuomo told reporters after a campaign rally on Nov. 5 regarding the Amazon deal, “We’ve put together a very strong incentive package, and we’ve had great meetings. It’s been very positive. And anything else I can think of that’ll get us over the top—anything they want named Amazon. I’ll change my name to Amazon Cuomo if that’s what it takes, because it would be a great economic boost.”

John Jordan
Editor, Real Estate In-Depth