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Town Council Approves $500M Mixed-Use Project

LEESBURG, VA-The Town Council here approves the development of the $500-million Village at Leesburg mixed-use project. The 150-acre compound will ultimately feature more than one million sf of office and retail space, 635 multifamily units and hotel offerings.

By Barbra Murray | Updated on November 09, 2005

LEESBURG, VA-The Leesburg Town Council has just given its approval for the mixed-use Village at Leesburg. The $500-million project is being developed by KSI Services Inc. which has conceived a plan for office, retail, hotel and residential offerings on a 150-acre site off Route 7 near KSI’s Goose Creek Golf Course.

As it stands now, plans for the Shook Kelley Inc.-designed project include 565,000 sf of class A office space, 440,000 sf of retail space, 635 multifamily units and a hotel segment. The hotel could take the form of one multiple-use property and a second full-service lodging establishment. An anchor for the retail segment, the leasing of which is being handled by KLNB, has already been secured with the 140,000-sf commitment from food market chain Wegmans. As for the multifamily portion of the development, 300 units will be dedicated active adult residences, while the remaining 335 residences will be condominiums and rentals. Real estate services firm CB Richard Ellis is overseeing leasing of the office space.

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