Courtesy of HKS

Commercial Real Estate

Buyer’s Remorse? Amazon Could be Getting Cold Feet in New York

Facing heavy opposition in the Big Apple, Amazon is reconsidering its HQ2 decision. Guess who's single and ready to mingle?

The race for Amazon’s HQ2 may not be over after all. Last November, the e-commerce giant announced it would split its massive second headquarters between Long Island and Crystal City, Virginia. Dallas was a close runner-up.

But, according to a story published today by The Washington Post, Amazon has a growing list of woes in New York. Protesters have become increasingly vocal, flipping some politicians who were originally for HQ2 against it. Opponents are taking issue with the lucrative subsidies offered to Amazon, and the impending strain the new operation could place on  infrastructure and affordability.

All of this has Amazon wondering if picking New York was the right thing to do. According to The Post, Amazon has yet to sign a lease for office space or lock itself into anything legally binding it to its commitment to put HQ2 in New York City.

This begs the question: Could Dallas receive HQ2 after all?

We reached out to a number of Dallas civic officials and real estate professionals who were involved with the HQ2 pitch to get their thoughts on the situation. So far, only one has provided comment:

“The Dallas bid for Amazon HQ2 was a phenomenal example of our city leaders and a broad mix of private sector players working in concert. The proposal presented Dallas as an extremely attractive place to live, work, and play,” said Dan Noble, president and CEO of HKS Inc. “If Amazon or any organization is looking for a new corporate home, I know everyone involved in this most recent effort stands ready to roll up our sleeves once again.”


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