Brampton Will Find Out Soon If Itll be Amazons New Home

Brampton Will Find Out Soon If It\ll be Amazon\s New Home
Why New York and D.C. Make Sense for Amazons HQ2
New York City is abuzz with the news that Amazon might house half of its second headquarters in Long Island City— a Queens neighborhood thats teeming with growth. In recent years, the area has seen an influx of young professionals and new development, including high-rise condos and rental towers.

Soon, Long Island City could become home to 25,000 Amazon employees, who would bring more economic development — and a new set of challenges.

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Since the news of Amazons arrival was first reported by the New York Times, Long Island City residents have shared their concerns about overcrowded schools, congested subways, and failing infrastructure. These effects could spill over into adjacent neighborhoods, including those on the other side of the East River.

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Long Island City Preps for Arrival of Freaking Amazing Amazon

While many Amazon employees may look for real estate in Long Island City, others could be drawn to cheaper neighborhoods like Elmhurst, Queens, or Jackson Heights, Queens. Many more may cling to the cultural vibrancy of Brooklyn and Manhattan, which are just a subway trip away.

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Business Insider/Jessica Tyler As one of the largest real-estate developments in US history, Hudson Yards could soon become a hub for high-earning tech workers — including those just a mile away at the Google office in Chelsea.

The developments direct access to the 7 line could also make it a popular spot among Amazon workers. If the company does house half of HQ2 in Long Island City, it would take employees less than 30 minutes to commute from Hudson Yards.

Bebeto Matthews/AP Once an immigrant neighborhood, Astoria, Queens, has become a catch-all community for those unable to afford Manhattan.

Zillows forecast was based on the assumption that Amazon would build a single campus for its new headquarters, meaning that splitting the headquarters between the two cities could lessen the impact to each citys rental costs.

Although its adjacent to Long Island City, the neighborhood has the advantage of slightly lower real-estate prices. The median rent in Astoria is around $2,200, compared to around $2,450 in Long Island City, and $3,400 in Manhattan. These prices could be attractive to young Amazon employees looking to save money and commute within their borough.

In the Washington, DC, area, Zillow found that Amazons headquarters, if set up entirely in Arlington, could cause rents to rise by 1.1%, more than twice as fast as the 0.5% increase projected without a new Amazon campus.

hi-lo/Flickr Employees with families could soon gravitate toward Sunnyside, Queens, a quaint, middle-class neighborhood with easy access to Long Island City.

An analysis conducted in April by Zillow found that renters costs could increase by more than $200 annually in the two cities relative to the real-estate sites base cases if Amazon were to set up in them.

In May, New York City announced its plan to start developing on the Sunnyside land, bringing roughly 11,000 and 15,000 new homes to the area, along with 3,300 to 4,500 affordable units. The reported $10 billion investment— which includes building new schools and retail stores — could arrive just in time for Amazon employees.

Renters in New York City and the Washington, DC, area could soon be paying more in housing costs if Amazon splits its new headquarters between the two cities.

Maggie Hoffman/Flickr Dubbed “the new Williamsburg,” Greenpoint, Brooklyn, is only 20 minutes from Long Island City on the G train — a shorter distance than most New York City commutes.

Now, Amazon has reportedly zeroed in on New York City and Virginia— and “HQ2” will likely actually be two separate offices. The move, which has yet to be confirmed by Amazon, has left a sour taste with some people who accuse Amazon of having deviously gamed the system.

In recent years, the area has become a popular shooting location for television shows and a go-to scene for bars and restaurants.

The companys year-long selection process had a decidedly sweepstakes-like feel to it. Amazon laid out its expectations for what it wanted in a second hometown and promised a bonanza of 50,000 jobs and a $5 billion investment to whichever lucky city it picked.

littleny / iStock Williamsburg, Brooklyn, may be oversaturated, but its also just a few stops away from Long Island City (20 minutes by subway and 25-35 minutes by bus).

Its been 14 months since Amazon, the worlds largest online retailer, declared its intention to build a second headquarters. Founded in Seattle some 23 years earlier, Amazon said it had gotten so big that it needed a second home base in another city.

With its trendy restaurants, hip art galleries, and eclectic music scene, the neighborhood is bound to attract young Amazon employees.

City governments and officials scrambled to outdo each other and woo the online retailer, dangling tax breaks, exemptions of all types and even promises to change their names.

Small families will also appreciate the quietness — though prices arent much better than in Manhattan.

Heres a look at the sequence of events during Amazons controversial “HQ2” adventure, and the strange spectacle that Amazon whipped up in the process.

p.neton37/Shutterstock As the home of the new Cornell Tech Campus, Roosevelt Island (technically part of Manhattan, though unattached geographically) is slowly filling up with tech workers and high-rise buildings, which have replaced the old prisons and hospitals that once scattered the neighborhood.

This week in Bezos: The dam breaks on HQ2 news

While it may feel isolated from the New York boroughs, the island offers a quaint alternative to Manhattan and rents slightly below the citywide average. Its also directly linked to Long Island City via the F train and a brand-new ferry service.

Employees could be attracted to the islands co-ops and community gardens, but real estate is limited, and prices are beginning to rise.

Murray Hill Neighborhood Association/Facebook Assuming no delays on the 7 line, residents of Murray Hill, Manhattan, have about an 18-minute commute to Long Island City.

While rents are still steep — around $2,970 for a studio apartment— the neighborhood is building like crazy, erecting a number of high-rise buildings and rental units near the East River.

For Amazon employees who crave a Manhattan address, the neighborhood could soon become the most popular.

Split Decision: Amazons Amazing HQ2 Race Becomes a Tale of 2 HQs

Read more: New Yorkers are freaking out that Amazons HQ2 could cripple the subway system, but the reality is more complicated

The company has yet to formally announce its decision, but according to news leaks, Amazon is planning to split its HQ2 between two sites: the Long Island City neighborhood of Queens and the Crystal City neighborhood of Arlington, a suburb of Washington, DC.

More than 200 local and state governments submitted proposals for Amazons consideration last year after the company announced it was looking for a North American city to house its $5 billion, 50,000-employee second headquarters. The companys home base is in Seattle.

Amazon HQ2s impact on federal pay

Amazon framed the hunt for its second headquarters as a national competition, with the winning city benefiting from an influx of tens of thousands of new jobs. But many are concerned about gentrification, rising housing costs, and an overall lack of transparency in the application process. Activists in DC and New York have opposed HQ2 for months.

5 Total Updates Since May 3, 2018, 7:00am EDT Follow this stream November 9 The tragedy of Amazons HQ2 selections, explained By Matthew [email protected] /*

What to Expect When Amazon Arrives in Long Island City

HQ2 critics are concerned about gentrification, rising housing costs, and an overall lack of transparency in the application process.

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Amazon has yet to announce the HQ2 locations, but reports suggest the company is coming to both New York City and northern Virginia.

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