BY FELIX CIAMPA
Amazon’s decision to withdraw its plans to build a second headquarters in Long Island City sparked dire predictions from many observers. Some argued it would now be impossible to attract significant commercial development in Western Queens, or that businesses would be discouraged from moving anywhere in the five boroughs. Many of us in the real estate community wondered if this signalled an end to the pro-growth political climate that helped drive the city’s incredible economic recovery over the past four decades.
Six months later, it now seems clear that these concerns were overblown. Amazon itself is reportedly looking to take more space in midtown Manhattan. And the City of New York has already been engaging community stakeholders around a new vision for the Long Island City site.