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OffbeatLong Island City Preparing for 'Freaking Amazing' Amazon

23:55  08 november  2018
23:55  08 november  2018 Source:   bloomberg.com

Amazon picks NYC and Northern Virginia for its split 'HQ2': WSJ

Amazon picks NYC and Northern Virginia for its split 'HQ2': WSJ Amazon picks NYC and Northern Virginia for its split 'HQ2': WSJ

Is Long Island City ready for Amazon ’s HQ2? The de Blasio administration recently announced a 0 million investment strategy for Long Island City —it was almost suspiciously well-timed—with the goal of “address[ing] the needs of today while preparing for a more sustainable future,” according to

Amazon 's second headquarters could be headed to Long Island City , Queens, an area that's particularly vulnerable to sea-level rise. The two cities are expected to split the number of HQ2 jobs, with each one preparing to accommodate about 25,000 new employees, according to the Times.

(Bloomberg) -- As reports emerged this week that Amazon.com Inc. was close to an agreement to set up a new office hub in the Queens neighborhood of Long Island City, the prospect of all those jobs, shoppers, and potential tenants or homebuyers drew cheers in the fast-growing neighborhood across the East River from Manhattan.

“We’ve got a lot of buildings coming here, but no one’s actually working here,” said Patrick Donagher, who runs Alewife Brewing Company and a local taproom. “There’s no real jobs around here. So something like that coming here, it’d be a great economic boom.”

Source: Amazon picks New York, Virginia for new headquarters

Source: Amazon picks New York, Virginia for new headquarters A person familiar with the plans say Amazon will split its second headquarters between Long Island City in New York and Crystal City in northern Virginia. The online retailer is expected to make an official announcement later Tuesday. The decision will end an intense competition between North American cities to win Amazon and its promise of 50,000 new jobs. Some locations tried to stand out with stunts, but Amazon made clear that it really wanted incentives, like tax breaks and grants. The company received 238 proposals before narrowing the list to 20 in January.

We walked around Long Island City , the New York neighborhood where Amazon is reportedly planning to bring HQ2, and saw why it'd be appealing to Amazon is reportedly developing its second headquarters, HQ2, in two separate locations: the Long Island City neighborhood of Queens, New

In a surprise move, Amazon HQ2 may be split between two cities . One of those is the Long Island City neighborhood in the New York borough of Queens, according to The New York Times. ( Amazon hasn't confirmed the reports, but a formal announcement is expected soon.).

A stop away from Manhattan on the subway, Long Island City is largely residential, with strong demand for high-rise apartment and condo units, thanks to its proximity to Manhattan and its comparatively affordable prices. If Amazon moves into the neighborhood, local restaurant owners say they would welcome the business growth likely to follow.

“It’s a tremendous opportunity wherever they put it, especially with their type of employee,” Richard LeFrak, chairman and chief executive officer of the LeFrak Organization, developer of the LeFrak City apartment complex in Queens, said in an interview. “Many prefer to live close to where they work.”

That prospect is music to the ears of Gianna Cerbone-Teoli, owner of Manducatis Rustica, an Italian restaurant that’s had a community presence since 1977.

New Yorkers are freaking out that Amazon's HQ2 could cripple the subway system, but the reality is more complicated

New Yorkers are freaking out that Amazon's HQ2 could cripple the subway system, but the reality is more complicated Amazon is reported to have chosen Long Island City, Queens, as one of two sites for its second headquarters, known as HQ2. 

Long Island City was bracing for a serious development boom even before Amazon - allegedly - moves in. Earlier this year, much of the Long Island City As the NYT reported last night, Amazon is said to have selected Long Island City alongside Northern Virginia’s Crystal City , for its second US

Amazon is reported to have chosen Long Island City , Queens, as one of two sites for HQ2. It could have major subway implications. New Yorkers are freaking out that Amazon 's HQ2 could cripple the subway system, but the reality is more complicated.

“We’re looking for people not to be so transient, that are coming in and out of Long Island City, but people to spend money in Long Island City,” she said. “Some people are against Amazon because I think in their minds they’re thinking that Amazon is eating the world up. But if we actually work with Amazon in the community and help build and stabilize this community -- what we were hoping it was going to do -- that would be freaking amazing.”

Some residents are concerned that a sudden influx of so many people could put the neighborhood’s already stressed infrastructure to the test, in particular the subway.

“I just hope that they really have the foresight to realize what it’s going to take to lift people back and forth,” said Kim Dossin, who lives in the area and commutes to Manhattan’s Chelsea neighborhood for work.

New York City Mayor de Blasio last week announced $180 million of investments in the neighborhood for improvements that would help support that demand, $95 million of which is set aside for sewer and water main improvements alone.

Cerbone-Teoli doubted that would be enough money to fix all the issues, especially those that have been building since Hurricane Sandy hit the city in 2012. Others said they expect the funding is the first of several rounds from the city.

Whether the Amazon workers choose to live in Queens or elsewhere, Long Island City is easily accessible, said Rebecca Trent, who has run The Creek and the Cave, a comedy club in Long Island City, since 2006.

“We’re adjacent to Manhattan but we’re close enough that you’re never more than 20 minutes away from anything, you know, if traffic’s moving,” she said.

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Amazon plans to split HQ2 evenly between 2 cities.
Amazon.com plans to split its second headquarters evenly between two locations rather than picking one city for HQ2, a surprise decision that will spread the impact of a massive new office across two communities. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The driving force behind the decision to build two equal offices in addition to the company’s headquarters in Seattle is recruiting enough tech talent, according to the person familiar with the company’s plans.

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