Amazon pauses construction of second headquarters in Virginia
Amazon is pausing construction of its second headquarters, dubbed HQ2, in Virginia, the company confirmed to CNBC.
John Schoettler, Amazon’s real estate head, told Bloomberg, which first reported on it, that the company is pushing out the groundbreaking of PenPlace, the second phase of the sprawling northern Virginia campus. The first phase of the campus, known as Metropolitan Park, is expected to finish on time and will be occupied as planned, according to Bloomberg.
PenPlace encompasses three 22-story office buildings, more than 100,000 square feet of retail space and a 350-foot-tall tower,...