Amazon In ‘Advanced Talks’ To Build New HQ In Virginia

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

Amazon is in "advanced talks" to open its second headquarters in the Washington DC metropolitan area, the Washington Post, a paper owned by Amazon founder and chief executive Jeff Bezos, reported on Saturday.

Metro D.C. has always been viewed as a favorite, thanks to its well-educated workforce, proximity to the federal government, and the fact that Amazon chairman Jeff Bezos owns The Washington Post and a large home there.

Crystal City, Virginia, may be the frontrunner for Amazon's hotly anticipated second North American headquarters.

The Post says the talks involved which buildings Amazon could immediately occupy and the potential for making a public announcement this month, following the November 6 midterm elections.

According to the report "people close to the process" said that Amazon is in discussions about relocating employees to the area, potential office buildings it could occupy, and how to make its announcement to the public.

The newspaper said the talks were so far advanced that one of the neighbourhood's biggest real estate developers, JBG Smith, had already pulled some of its properties off the market, and officials were considering announcing the move later this month.

Amazon is expected to make its decision before the end of the year.

Separately, other sources claiming knowledge of Amazon's internal decision-making process told CNBC that the decision was "close" and mentioned Northern Virginia and Austin, Texas, noting that HQ2 could be split between the two cities. City and state lawmakers nationwide created economic incentives in a bid to attract Amazon's second headquarters, that would bring in 50,000 jobs and $5 billion in investment.

Crystal City is served by a mass transit system and major highways, both qualifications that Amazon has said is required for its new headquarters as well. He's the owner of The Washington Post and owns a home in the area.

He also hinted that Amazon compelled finalists to sign a nondisclosure agreement (NDA) that the leakers may be violating. Amazon declined to comment on his remarks.



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