Amazon critics missing prime opportunity, say biz leaders
January 23, 2019With the announcement that e-commerce giant, Amazon, will set up one of two new headquarters in Long Island City, one phrase has been on the minds of both residents, politicians, and private enterprise alike: the Amazon-effect.
The word may still be out on what exactly that effect will be, but according to a panel convened at Avison Young’s year-end market discussion the impending influx of Amazon-spurred tech jobs, there’s one thing that can be said for certain; it’s going to be a positive one, despite what some critics say. “There’s this misconception that this was a bad deal,” said Jeremy Shell, principal at TF Cornerstone, which purchased a nearby development site for $300 million days after Amazon’s announcement and is developing part of the new headquarters.