[null, {"document_url": "https://www.businessinsider.in/amazons-hq2-is-moving-to-long-island-city-queens-here-are-the-sites-that-could-house-its-new-headquarters/articleshow/66612063.cms", "unformatted_src": "https://static-ssl.businessinsider.com/image/5919d4c714429320008b5643-2400/gettyimages-450831324.jpg", "src": "https://static-ssl.businessinsider.com/image/5919d4c714429320008b5643-2400/gettyimages-450831324.jpg", "formatted_filename": "gettyimages", "alt_text": "Jeff Bezos"}, null, null, null]
Amazon's HQ2 is moving to Long Island City, Queens - here are the sites that could house its new headquarters

Aria BendixNov 14, 2018, 12.47 AM
Read full story The wait is over: Amazon has officially announced the winners of its search for a second North American headquarters. The two locations - the National Landing area of Arlington, Virginia, and Long Island City, Queens - are each expected to receive around 25,000 new employees and $25 billion in economic investment.

The company also announced that Nashville will receive a new operations center, complete with a $230 million investment and 5,000 additional jobs.

Prior to the announcement, Amazon floated a few requirements for the "campus or park" that would house its future headquarters: a 100-acre greenfield site, an existing building with at least 500,000 square feet of real estate, an infill site, or some combination of these choices. The company also expressed a desire for extensive transit options nearby.

The final project, they estimated, would span around 8 million square feet and cost around $5 billion. Those requirements are now likely to be divided between two locations.

Read more: Amazon is headed to New York City - here are the neighborhoods that could start swelling with HQ2 workers

"Even with the stratospheric prices of New York City real estate, $2.5 billion can achieve some remarkable results," said Constantine Valhouli, the head of research for Neighborhood X. As an example, he pointed to Google's Chelsea Market building, which cost the company $2.4 billion.

"That money goes considerably further in Queens," he said.

In its request for proposal, Amazon said it would "prioritize certified or shovel-ready greenfield sites and infill opportunities," which could be built to meet its specifications. But an existing building could make it easier to stick with its timeline.

"Unless the terms of any arrangement with the city included expedited permitting and a bypass of parts of the review process, it is unlikely to have a skyscraper or tech campus built within a year, from the ground up," Valhouli told Business Insider. Then again, he said, "Things could theoretically work a lot faster when money isn't an object."


View As: One Page Slides

One Court Square

Sunnyside Yards

Hunter's Point South

Anable Basin

Newtown Creek/Dutch Kills

Add Comment()

Comments () Characters Remaining: 3000

 




Productivity hacks never helped me, but a morning habit I've had for 14 years allows me to stay focused on work
China appears to walk back on controversial decision to reopen trade in rhino and tiger bones
Before-and-after photos show the devastating destruction in Malibu as the California wildfires rage on
Stunning facts show how much more devastating wildfire season has become in California and throughout the US
A startup turning old hotels and offices into housing for California's forgotten middle-class is coming to one of America's least affordable cities
Two big investors are buying Athenahealth for $5.7 billion
Big Oil claims it's doing its part to combat climate change. A new study finds it's not even close.
UN expert: San Francisco's homelessness crisis is a human rights violation and suggests 'a cruelty that is unsurpassed'
Malibu is in flames as two wildfires spread through southern California - here's what it looks like on the ground

More from our Partners