The University of Maryland has reached a deal to plant its flag in Crystal City, opening the door to potential collaborations with Amazon.com Inc. as it establishes its second headquarters in the area.
The state’s flagship university plans to open a Discovery Center at 241 18th St. South, the same building where JBG Smith Properties (NYSE: JBGS) has established a National Landing marketing center and where Amazon (NASDAQ: AMZN) also plans to lease space. UMd. will lease its 8,000 square feet from JBG Smith, and it hopes to offer programming by fall 2020 if not sooner.
Amazon isn’t the only reason for the UMd.’s planned Crystal City center, though it definitely was a significant factor in the decision, said Ken Ulman, the university’s chief strategy officer. The Seattle-based e-commerce and cloud computing company’s presence there is helping to establish a larger innovation culture and is expected to draw other companies like it to the area. The Discovery Center will tap into that energy…Read the full story from the Washington Business Journal.