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Kettler in the News

October 26, 2015

KETTLER & PS Business Parks Break Ground on Tysons Luxury Apartments

Kettler, one of greater Washington, D.C.’s leading real estate development and property management companies, announced today that it has broken ground on the Highgate at Metropolitan Mile luxury apartments in Tysons, VA. Kettler’s partner in the Highgate is PS Business Parks Inc., a publicly traded real estate company specializing in leasing, property management, acquisition and development. PS Business Parks is also one of the largest owners of real estate in Fairfax County.

Highgate, a 395-unit mid-rise apartment community, is designed to serve the residential commuter by offering well-appointed apartment homes within walking distance of work, world-class shopping, restaurants and entertainment. The apartments will offer residents the luxuries of urban living in a suburban location. Highgate is located in McLean, minutes from Tysons Corner Center and Tysons Galleria, featuring shopping and restaurants and within a half-mile of two new Silver line Metrorail stations.

“Tysons is quickly transforming from offices and shops to a community where people will not only work, but live, relax and enjoy what this dynamic area has to offer,” said Robert C. Kettler, Chairman and CEO of Kettler. “Highgate will provide these new residents with luxury living, exquisite amenities and plenty of personal space in a vibrant urban setting. The Tysons market is perfect for this type of luxury offering and we are already generating strong interest.”

Highgate will offer studios, one and two bedroom luxury apartments, including some two-level loft units with street access. It will also boast amenities that include a rooftop pool terrace, a Zen courtyard with reflecting pool, an expansive workout facility, a resident party room, and an entertainment kitchen, as well as a circular fire-hearth lounge overlooking the courtyard.

Kettler and PS Business Parks are committed to creating a more natural environment around Highgate, which will feature pedestrian-friendly streetscapes that will make for ideal gathering spaces. In addition, the partnership will develop a public park, adjacent to the property that will feature a dog park, play area and open lawn space. The upper terrace of the luxury apartment building will overlook the park, providing a beautiful, natural view for residents.

Kettler will seek LEED certification with high efficiency mechanical systems, green roofs, cisterns for irrigation and sustainable materials that will have a beneficial impact on indoor environmental air quality.

Kettler has spearheaded other projects in Tysons, including VITA Tysons Corner, a 30-story luxury apartment tower that opened in May 2015. Kettler partnered with Macerich, a real estate investment trust, and not only developed VITA but is managing the community. In June, Kettler announced a joint venture with the Meridian Group to develop the residential and retail space in The Boro, a 3.7-million-square-foot project in the heart of Tysons Corner. The first phase, scheduled to break ground in the summer of 2016, will consist of nearly 1.4 million square feet of mixed-use development that will include 750 residential units, 406,000 square feet of office space, and 229,000 square feet of destination retail space.

The contractor for the development is CBG Building Company, based in Arlington, VA. The project’s architect is Design Collective Inc., an award-winning Baltimore-based architectural firm, Parker Rodriguez Inc. has been named landscape architect, and VIKA will serve as civil engineer.

About Kettler Inc.

Kettler and Kettler Management are owners, operators, and developers of apartments, condominiums, and mixed-use projects in the Washington, D.C. metropolitan area and throughout the mid-Atlantic region. Headquartered in Tysons, VA, the company has developed nearly 24,000 multifamily units, 5 million square feet of commercial space, more than 46,000 homes in 25 master-planned communities and many of the region’s premier mixed-use communities. Kettler Management successfully manages 30,000 apartments for Kettler and 3rd party clients from New York to the Carolinas and offers a full range of services to corporate and institutional real estate owners. For more information, visit www.kettler.com.

About PS Business Parks Inc.

PS Business Parks Inc. (NYSE: PSB) is a publicly traded full service real estate company with expertise in leasing, property management, acquisition and development. As of September 2015 the company owns and operates approximately 28 million rentable square feet of commercial space located in six states: California, Florida, Maryland, Texas, Virginia, and Washington. The company also manages approximately 1.2 million rentable square feet on behalf of Public Storage Inc. and its affiliated entities.