2006-11-28, 13:45

Mixed use in Leesburg, Va.

By: Jonathan Groner
Leesburg, Va., is a historic town with about 30,000 residents that sits 37 miles from the Nation's Capital. It's the county seat of Loudoun County, Va., which lies past Fairfax County as one leaves the District of Columbia. These days, with the pace of development in Northern Virginia, Leesburg is certainly no longer the rural area that it once was.

Now Leesburg is going to have a major mixed-use development.

On Nov. 23, Cypress Equities, an affiliate of Staubach Retail, and Kettler, a D.C.-area real estate development company, announced joint plans to develop the Village of Leesburg, with 430,000 square feet of retail space, 137,000 square feet of office space, and 25,000 square feet of restaurant space. There will also be 350 condominiums and apartments and a 300-home active adult residential community. Construction will start in the spring of 2007.

Robert C. Kettler, founder and chairman of Kettler, said in a press release that Cypress's experience in "bringing urban design to the suburbs is greatly appealing to our development philosophy."

Although only the market will tell, mixed-use development thus seems to be as well adapted to suburban or even exurban communities as it is to urban centers.

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