Virginia Tech announces new location for Northern Virginia Innovation Campus
Virginia Tech announced it has a new home for its Northern Virginia Innovation Campus on Monday.
Tech’s planned campus is being moved to a location in the same neighborhood, steps from a future Metrorail station in Alexandria in what is now a shopping center.
The school had previously announced a smaller 15-acre location several blocks to the south in a partnership with developer Stonebridge Associates . Tech President Tim Sands said the new location offers more room to grow after Tech was made aware of the site several months ago.
The district will include 7.5 million square feet of development space including multifamily housing, commercial office space, retail, hospitality, open spaces and parks, according to a term sheet signed last week between property owner CPYR Theater LLC and the Virginia Tech Foundation. For a comparison, the Virginia Tech Research Center in Blacksburg has about 1.2 million square feet of space.