I own some rentals in the area where the other Amazon HQ is going up and already started building. Rents already pushed up 10% in the immediate area. There is no guarantee locals will be hired to fill all the spots as people can simply move into the area. Huge tax breaks were given and the real benefit is to local businesses when the HQ is finished through more foot traffic.
Amazon did commit to re furbishing one apartment building down the block and turn it into affordable housing so that is a positive in the area.
But the traffic is already horrible and there is still 1 major apartment building left to build plus the 3-4 HQ buildings and other commercial properties going up. Going to be a real traffic jam and one block away is one of the most popular Costco's in the entire portfolio. Gridlock to come haha..
Long Island City was a shitty location versus Arlington, VA so I think my area was going to be the larger more important HQ. AOC did not hold up a major deal...Amazon backed out when they saw how shitty it would be there. You think 1 or 2 Congresspeople are going to interrupt a billion dollar business and real estate deal??
Amazon did not need LIC and the set of buildings they are building one block from the Pentago is going to be impressive and is located 10 minutes from Reagan Airport, is between two metro stations, is one light to I395 which connects to I95 and the Beltway and is one light to cross the bridge into D.C. Dulles is 35-40 minutes away.
LIC is far and way inconvenient and no one sane wants to deal with JFK.