Virginia Tech will partner with Lionstone Investments to build its Innovation Campus in Alexandria as part of a new mixed-use development in National Landing, just steps away from the future Potomac Yard Metrorail Station, President Tim Sands announced Monday.
The 1 million-square-foot graduate campus will be part of a 65-acre mixed-use district planned and developed by Lionstone and real estate investment trust JBG SMITH. Lionstone is a data-driven real estate investment firm that specializes in investing in U.S. locations with concentrations of highly productive jobs.
The campus’s strategic location, on 15 acres just south of the Four Mile Run stream that separates Alexandria and Arlington, positions Virginia Tech and its future partners near the nation’s capital, diverse industries, and leading tech companies, including Amazon and its HQ2 project.
“We’re extremely pleased to have this opportunity, in partnership with Lionstone, to establish the Innovation Campus in the heart of the National Landing technology district,” President Sands said. “It is the ideal location to support Virginia Tech’s bold plan to develop new tech talent, disciplines, programs, and human-centered research that will shape the economic future of the commonwealth and beyond.”
The campus will include academic classrooms, incubator space for new startups and research and development, offices for industry collaboration, and convening space for alumni events. The development plans call for public open space and ground-floor retail, knitting the campus into the fabric of Alexandria.