Leave a Message

Thank you for your message. We will be in touch with you shortly.

Crystal City and Queens Will Be Home to Amazon’s HQ2

Eric Broermann November 13, 2018

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.
 
While there hasn’t been much evidence of residential real estate speculation in Crystal City, the area has almost 1,200 new residential units in the pipeline.
 
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.
 
Source

Our Blog

Shades of Gray: Selecting Design’s Most Neutral Color Is Trickier Than You Think

April 3, 2024

It’s important to figure out which shade will complement the furniture and textiles.

A cozy living room with a light-colored couch, pillow, blanket, coffee table, side table, hardwood flooring, and white walls.
How to Update Your Kitchen Cabinets With Paint

April 3, 2024

Let’s take a look at when paint works, what colors of paint to use on your cabinets.

Significant Tax Credits? / The MCC, Explained

March 14, 2024

Each State has slightly differing MCC eligibility guidelines and requirements, such as.

5 Common Reasons to Evict a Tenant in Washington, DC

January 26, 2024

A question that almost every prospective client asks us is how we handle evictions.

A Festive Fall Gathering: The Vassar Broermann Group Client Appreciation Party at Butler’s Orchard!

November 1, 2023

This party was truly memorable and everyone had a great time catching up, and eating some food.

Selling a Property in Maryland? You Might Be Eligible for a MD Non-resident Withholding Tax Exemption

October 18, 2023

This was a great thing to know when helping our out-of-state client to sell their investment property.

Easy Home Improvements to Sell Your Home Faster

August 16, 2022

We have always felt presentation is key to selling for top dollar – even in a strong seller's market.

How to Look Up Permits in the DMV

January 16, 2022

We are frequently asked about how to find permit information, so we decided to aggregate the list of links for you!

The Daunting DC School Lottery System

December 9, 2021

The DC School Lottery system opens in January and closes in March each year. You are not alone!

Work With Us

Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact us today.