IGNITION CONTINUATION: Capital One Arena has renovated one of its 110 suites into a high-tech meeting space for accounting consultants KPMG. (Courtesy of Monumental Sports & Entertainment)
900 Square Foot Space Becomes New KPMG Ignition Center
Monumental Sports & Entertainment and multinational accounting firm KPMG LLP have partnered to launch the latest KPMG Ignition Center, a high-tech meeting place and collaborative space occupying an existing and redeveloped suite at Capital One Arena in Washington, D.C., which can be used anywhere. day of the year.
Located in a 900-square-foot suite in the second-level lobby of the arena, home to the NBA Wizards, NHL Capitals and Georgetown Hoyas, the space is described as a “mega-suite”. of 28 people with 500 -plus square feet of open space, video walls and variable configurations and technology to meet the needs of the modern corporate world – with top-notch sports and live entertainment as a backdrop bottom.
“It’s an interesting question because in our conversations (with KPMG), we were all on the same page,” said Jim Van Stone, President of Business Operations and Chief Commercial Officer of Monumental. “They didn’t just want to invest in a sequel, they wanted to invest in something unique and different, something that can really help them do business.” The suite includes a central video wall, interactive screens, high resolution ceiling and entrance monitors and video streaming capabilities.
Nine months into the making and struggling with supply chain issues, Van Stone says the ignition center is expected to be in use 100 working days a year, with some fitting into arena events, which means that Monumental and KPMG work closely together on logistics such as entry and exit, security, culinary and sanitary.
Van Stone described KPMG as fully integrated partners making a significant investment in the renovation, which required the removal of toilets that were previously part of the space. Basically, Van Stone says the concept is to help make Monumental’s sites as close to 365-day sites as possible.
“We open them an hour before the game and close them right after an event is over,” says Van Stone of the site’s 110 suites. “We really want to put our facilities in the future business development centers, let it be more of a way for companies to create commerce, innovation and business” Van Stone says 110 is a good number of suites for installation, but there is the possibility of using the spaces for various purposes. He says he can see between eight and 10 suites potentially becoming similar spaces, repurposed for their own specific use at a particular client.
“We view suites in our buildings as unique real estate opportunities,” he said. “If you schedule them in the right way and think about them beyond the normal event you have, whether it’s a game or a concert, I think it’s an amazing opportunity. for our industry to try to do things to expand their business platforms.” Monumental owns and operates the Capitals, Wizards, WNBA Mystics, NBA G-League Capital City Go-Go and their respective venues, including Capital One Arena, EagleBank Arena at George Mason University, MedStar Capitals Iceplex Training Facility and the MedStar Health Performance Center basketball practice. ease.
KPMG currently has ignition centers in Atlanta, Chicago, Denver, New York, Florida and others around the world offering consulting services. The Capital One Arena Ignition Center is the first in an arena, which industry veterans say VenuesNow is a welcome use for spaces that are expensive to build but get relatively little use.
“We think there’s a market to do this in other industries, but first with KPMG in consulting, we think it’s a game-changer,” Van Stone said. “We have something that we think could be the blueprint for the future of our sites. I think we are on to something.
KPMG’s first meetings at the Ignition Center are scheduled for July.