The Amazon HQ2 rumors and speculation will come to an end today.
Amazon is reportedly expected to announce on Tuesday that two cities will be home to its second headquarters: Crystal City, Virginia and Queens, New York. Each city will eventually be home to as many as 25,000 Amazon employees, and the company will invest approximately $2.5 billion into the headquarters for each city.
The HQ2 sweepstakes began more than two years ago as the massive online retail giant started its search for a city that would be home its second headquarters. The new headquarters would occupy upwards of 8 million square feet of real estate and employ 50,000 people. In recent weeks, reports came out that the company would split its second headquarters between two cities.
Crystal City is well-positioned to take on an influx of Amazon employees. Developer JBG Smith has a portfolio of two dozen buildings totaling approximately 7 million square feet of office space in that area. It has been reported that two JBG Smith buildings -- 1851 S. Bell St. and 1770 Crystal Drive -- are properties that Amazon could lease immediately. Amazon has said that it will need 500,000 square feet of office space for use in the first year in the two cities.
Last year, as part of a multi-building development, JBG Smith applied to convert the office building at 1750 Crystal Drive (map) into a residential development. However, in August, the firm set aside the plan to retrofit the building as residential, opting instead to tweak plans to renovate the office building, raising speculation that Amazon was on its way.
The DC area had three jurisdictions vying for the Amazon campus, with Northern Virginia, DC and Montgomery County, Maryland all on the shortlist. In the District, NoMa, Reservation 13, the Anacostia Riverfront and off Georgia Avenue near Howard University were put forth as potential sites; in Maryland, the White Flint area was pitched as a possible location.
- A Big Bet That Amazon is Coming to Crystal City
- JBG Smith Changes Course on Residential Conversion in Crystal City
- With Amazon Anticipation, Homebuyers' Eyes Turn to Arlington
- Crystal City Wants a High Line Bridge Connection to National Airport
This article originally published at https://dc.urbanturf.com/articles/blog/crystal-city-will-be-home-to-amazons-hq2/14661.
Most Popular... This Week • Last 30 Days • Ever
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
The Capitol Hill home has been listed for sale that has a number of serious security ... read »
The listing will hit the market on Wednesday, according to the Washington Business Jo... read »
About a month ago, UrbanTurf examined how condo and co-op prices were driving home pr... read »
When Wall Street buys most of the homes on your block; the $5 million houseboat; and ... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
Just before the holiday, UrbanTurf is taking its semi-annual look at the neighborhood... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
An application filed with DC this week signals the end is nigh for a McDonald's locat... read »
Madison Highland Live/Work Lofts has plans in the works to convert the 12-story offic... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro