Real Estate

Amazon HQ2 is not matching original hype. Economy is partly to blame


Amazon unveils second headquarters amidst economic uncertainty

When Amazon first announced plans for a second corporate headquarters in 2017, it set off an epic bidding war. Virginia beat 237 competitors to win the project, and when it finally opened last week in the Crystal City section of Arlington, Virginia Gov. Glenn Youngkin was there to celebrate. “We have high expectations because they are well placed,” he told Amazon employees, “on an organization that delivers on promises made.”

But those promises from Amazon have changed dramatically from the original vision, which called for a $5 billion complex with 50,000 employees. The newly opened HQ2, with two new, ultramodern office towers, will have 8,000 employees on site by this fall.

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