Thursday, 15 November, 2018

Amazon in 'advanced talks' to put HQ2 in Northern Virginia

The Crystal City neighborhood of Arlington Va. seen from across the Potomac in Washington Oct. 1 2018. Many investors and officials believe Amazon sees Northern Virginia as the best fit for a second headquarters site. Among the upsides good transit New York Times The Crystal City neighborhood of Arlington Va. seen from across the Potomac in Washington
Orlando Vargas | 06 November, 2018, 03:17

Amazon has apparently zeroed in on its second North American headquarters - and it's not Boston. Topics such as the timing for a public announcement and immediate office needs are reportedly being ironed out.

Alexandria Mayor Allison Silberberg declined to discuss whether advanced talks were taking place but said, "We think we've put forward a very competitive option, and we're certainly honored to be considered". Even before the Post's report was published on Saturday, speculative investors have been snapping up shares in the publicly traded REIT.

The advantaced discussions include questions of "how quickly it would move employees there, which buildings it would occupy and how an announcement about the move would be made to the public", according to the report, which cited people close to the process.

But after publication of the Post story, Mike Grella, director of economic development for Amazon, posted on Twitter: "Memo to the genius leaking info about Crystal City, VA as #HQ2 selection".

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Jeff Bezos, Amazon's founder and president - and owner of The Washington Post - has said the company will make its final decision by the end of this year. The company may be having similar discussions with other finalists.

Amazon is in "advanced discussions" about placing its second headquarters in Northern Virginia, seemingly dealing a blow to Toronto's hopes of luring the online retailer here. Amazon executives did not return to Boston for a second site visit this fall - though Bezos was spotted dining in Kendall Square last weekend. The company has said it would invest $5 billion in the new headquarters.

Amazon has said that economic incentives will be an important factor in its decision.

Amazon has said it plans to reveal where it will base its second headquarters by the end of the year, and says it is now assessing around 20 locations.

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