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     121  0 Kommentare JBG SMITH to Partner With Monumental Sports & Entertainment, Commonwealth of Virginia, and City of Alexandria on New Arena, Headquarters, and Entertainment District in Potomac Yard Section of National Landing

    JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, D.C., market, announced today that, subject to definitive documentation and applicable governmental approvals, it is partnering with Monumental Sports & Entertainment (MSE), the Commonwealth of Virginia, and the City of Alexandria to develop a mixed-use Entertainment District, totaling approximately 9 million square feet, anchored by a new arena for the Washington Wizards and Washington Capitals in the Potomac Yard section of National Landing. Along with the arena, the plans call for a global corporate headquarters for Monumental Sports & Entertainment, a Monumental Sports Network media studio, the Wizards practice facility, a performing arts venue, and an expanded esports facility – all situated adjacent to the Virginia Tech Innovation Campus, the recently delivered Potomac Yard-VT Metro Station, and approximately 8.1 million square feet of future development opportunities.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231213869214/en/

    (Photo: Business Wire)

    (Photo: Business Wire)

    “JBG SMITH is grateful for the opportunity to collaborate with Monumental, Virginia Tech, Amazon, and the public sector in cementing National Landing as a world-class mixed-use destination powered by innovation, commerce, entertainment, and higher education at the heart of economically vibrant Northern Virginia,” said Matt Kelly, Chief Executive Officer of JBG SMITH. “The arrival of this powerful entertainment and technology anchor to National Landing is a dramatic game changer that will enhance resident, employer, and visitor quality of life in the neighborhood for decades to come.”

    The development plan calls for the arena to be constructed on a currently unoccupied 12-acre site situated between the Metro entrance and the first phase of the Virginia Tech Innovation Campus. The site is owned by JBG SMITH and its joint venture partner and will be sold to a proposed Virginia Sports and Entertainment Authority. JBG SMITH will serve as developer for the corporate MSE headquarters, arena, media studio, performing arts venue, and esports facility. The planned project also calls for significant joint infrastructure investment by the Commonwealth, the City, Monumental, and JBG SMITH.

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    JBG SMITH to Partner With Monumental Sports & Entertainment, Commonwealth of Virginia, and City of Alexandria on New Arena, Headquarters, and Entertainment District in Potomac Yard Section of National Landing JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, D.C., market, announced today that, subject to definitive documentation and applicable governmental approvals, it is partnering with …