This post has been updated.

Internet retailer Amazon announced Tuesday that Crystal City, Virginia, will be one of two locations that will play host to its second headquarters, better known as HQ2. This would net the uninspiring warren of office buildings just south of the Pentagon some 25,000 jobs and a chance to remake itself and the Washington region more broadly.

The second location will be in Queens, New York. The news of the selection was first reported by The Wall Street Journal on Monday night.

It will bring to a close a 15-month search process that drew submissions from 238 jurisdictions across North America for what many said would be the economic development opportunity of a lifetime. Amazon initially said that HQ2 would be a $5 billion investment, bringing up to 50,000 high-paying jobs — average salary: $100,000 — to a campus encompassing 8 million square feet of office space, more than what’s available at the Pentagon.

Along with D.C. and Maryland’s Montgomery County, Virginia — which offered up multiple locations across Arlington County, Alexandria and Fairfax County — made Amazon’s 20-city short-list earlier this year, promising the company access to the region’s educated workforce, transit, universities, and stable business climate — along with healthy financial incentives that have yet to be made public.

But concerns that the winning city may not be able to attract the needed talent — and that it would lead to a spike in housing costs and overwhelm already burdened mass transit systems — prompted Amazon to split its second headquarters in two, with half the employees (and half the capital investment) destined for Crystal City and the other half for Queens in New York City.

In a letter sent to Amazon founder and CEO Jeff Bezos earlier this year, regional leaders made clear that while they were competing for HQ2, they would see the selection of any of the three jurisdictions as a win for the entire region.

“We recognize that if one of our jurisdictions earns the honor of being selected for HQ2, we all win,” wrote Maryland Gov. Larry Hogan, Virginia Gov. Ralph Northam, and D.C. Mayor Muriel Bowser in the joint letter. “And Amazon will win, too, by harnessing the combined strengths of Greater Washington and all that our three jurisdictions offer, helping further transform our dynamic region.”

Bowser in a statement on Tuesday called the announcement “a win for DC,” but called for solutions to issues in the D.C. region such as affordable housing, transportation, and infrastructure. In a statement, Hogan said he looked forward to working with Northam and Bowser to welcome Amazon to the region.

But in a statement issued on Tuesday morning, Alex Howe of the Northern Virginia branch of the Metro D.C. Democratic Socialists expressed concern with what HQ2 would mean for a region already facing high housing costs.

“Arlington and our region already have an affordable housing crisis due to gentrification and rising rents, which so-called HQ2 will surely exacerbate,” he said.

This story originally appeared at WAMU.