JBG SMITH will start demolition and infrastructure work in Alexandria’s Potomac Yard this month on a new generation of educational, commercial, and multifamily space anchored by the $1 billion Virginia Tech Innovation Campus. JBG SMITH is the master developer on behalf of both Virginia Tech and JPMorgan for the 20-acre innovation district adjacent to the planned new Potomac Yard Metro Station. In December, JBG SMITH and Virginia Tech received final approvals from the city to move forward with the first phase of an innovation district encompassing approximately 1.7 million square feet of space including four office towers and two residential buildings with retail at the base. For Virginia Tech’s portion of the development square footage, the university will proceed with construction of their first phase of a 300,000-square foot educational and research building.