Amazon in "advanced talks" for HQ2 in Northern Virginia
Amazon is in "advanced talks" to tap Crystal City, Virginia, for its second headquarters, The Washington Post reports.
The details: The e-commerce company is in discussions with the city to decide "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," per the Post, citing people familiar with the process. Amazon has largely kept the decision-making process under wraps.
- Because of the talks, JBG Smith, a real estate developer in Crystal City, pulled some of its buildings off the leasing market, per the Post.
- The bid also includes sites in Potomac Yard, in Alexandria. In addition to leasing options, Crystal City offers a metro stop and close quarters to Reagan National Airport — two of Amazon's requirements in a city.
What to watch: The company considered announcing its decision by the end of October, but has delayed until November, according to the Post.