Amazon’s future HQ2 landlord will sell more stock to the public to fund new development. Chevy Chase, Maryland-based JBG Smith has filed for a secondary stock offering.
Demolition has started on South Bell Street and Crystal Drive, two of three buildings near the Crystal City Metro station that Amazon plans to lease from JBG Smith. The aging office buildings are being refurbished prior to Amazon’s arrival.
Virginia Attorney General Mark Herring issued an advisory opinion saying the state’s transportation board can rename Jefferson Davis Highway in Arlington, also known as U.S. Route 1, provided the county’s board adopts a resolution requesting a name change.
Virginia passed its incentive deal last month, and after a contentious county board meeting, Arlington approved its package Saturday night. So now what?
The five-member Arlington County Board approved to provide Amazon pay-for-performance grants that could total about $23 million over 15 years.
In an open letter addressed to Amazon CEO Jeff Bezos, politicians and other business leaders wrote, in part, “We urge you to reconsider, so that we can move forward together.”
The company’s head of worldwide economic development, Holly Sullivan, says Amazon employees were regularly surveying Crystal City locals about the prospect of becoming the neighborhood’s newest, and largest, occupant.
Long & Foster said, the median price of what closed in Arlington last month was up 10 percent from a year ago to $607,500.
In a panel discussion organized by Alexandria, Karl Moritz, the city’s director of planning and zoning, said before Amazon was in the picture, plans were underway to develop the area where the innovation campus, which has been dubbed Oakville Triangle, will be located.
An Amazon executive was the person everyone wanted to hear from Thursday night at a panel discussion about the company’s plans for a new headquarters in Crystal City.
Shortly after Amazon’s announcement that it is scrapping plans to build a headquarters in New York, Maryland Gov. Larry Hogan said that his administration has had discussions with and is planning to meet with the company on the topic of moving into Maryland.
The D.C. region’s largest residential real estate network is putting its heft directly at the feet of would-be workers at Amazon’s future second headquarters.
The House voted 83-16 on Monday in favor of the measure, which would create $550 million in “post-performance” incentives for the technology giant, based on job creation.
The bill would establish a fund for state incentive payments for 25,000 high-paying jobs Amazon has promised to create in Arlington County.
Home sales rose 5.4 percent in December compared to a year ago, buoyed by a 28 percent year-over-year increase in both Arlington and Alexandria. “The buzz HQ2 has created will definitely impact our market for years,” one realtor says.
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