Amazon has recently been searching for one million square feet of office space in the Greater Boston area. The online retail giant has been considering selecting Boston as one of the cities that would be the location its second national headquarters.
An inside real estate executive stated that the company is negotiating with a real estate developer to expand in the Seaport District of Boston. The online giant might lease up to two buildings in the area.
Amazon employs over 1,000 people in Boston and neighboring Cambridge. Their office buildings are under construction in the Boston neighborhoods of the Seaport District, the Back Bay, and Kendall Square in Cambridge. The Boston Globe reported that most of the employees in the area are software engineers and developers.
The tech and retail giant stated that they expect to nearly double the number of their employees in the Boston and Cambridge areas over the next three years. Additionally, Amazon said that they can grow even larger with additional space in the Seaport District.
The Boston Globe reported that their sources stated that the gigantic online retail venue was interest in the Seaport District and initiated the move months before they announced their potential Boston plans.
Amazon announced that they possibly would construct their second national headquarters in Boston in September 2017.
The high-tech corporation foresaw a worksite that could fit 50,000 employees. The Boston Globe’s sources said that the search for new space in Boston is being conducted on a separate basis than the search for their second national headquarters.
Shortly after Oct. 19, Amazon stated that they received 238 proposals from various regions and cities in 54 states, territories, districts, and provinces all across North America. Oct. 19, was the deadline for proposals of the company’s second official site for their headquaters in the United States.
The corporation expects to invest $5 billion in the construction of its second headquarters in the Boston area. The company would also include 50,000 high paying jobs in the metropolitan area. The campus would be the total equivalent of its Seattle compound.
Moody’s Analytics list of the most possible speculations for Amazon’s second home base, placed Boston at number nine. The city was behind the cities of Atlanta; Philadelphia; Rochester, New York; Pittsburgh, New York City; Miami; Portland, Oregon; and Salt Lake City.
Retail analyst Nick Egelanian, who is the president of the retail development consultants SiteWorks International, stated in an interview with Retail Dive that the Mid-Atlantic region has an obvious advantage. The region has international airports and a mass transit system. It also has the largest pool of college graduates.
Egelanian said that an area with a large population of highly skilled workers is Amazon’s top contenders. Cities with several universities and colleges are their most likely candidates.
Bisnow reported that Amazon is in negotiation with WS Development for a 500,000 square foot office building in Boston’s Seaport District. WS Development is a Greater Boston area company that is Chestnut Hill-based, as they consider Boston as a second headquarters.
If the online corporation buys two buildings in the neighborhood they will lease an area of one million square feet. The first phase of the construction of Amazon’s second headquarters, requests 500,000 square feet of office space by late 2019.
By John A. Federico
Edited by Jeanette Smith
The Boston Globe: Amazon is seeking up to 1 million square feet in Boston
Retail Dive: Amazon reportedly eyeing 1M square feet of office space in Boston
BISNOW: Amazon Wants Up To 1M SF In Boston, Not Necessarily For HQ2
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