Amazon’s decision in November to open its “ second headquarters” in the New York borough of Queens injected life into a sluggish property market. Demand for apartments spiked, prices set records and tales circulated of homes selling by text message.
In commercial real estate, developers rolled up their sleeves for a 4m square foot site for the ecommerce giant, and prepared to welcome other businesses expected to follow Amazon to the area.
Three months later, the project was dead, scuppered by opposition from state and local politicians.
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