Press Releases
Midtown Alexandria Station Condominiums Top Out
16 Story Building will have 368 homes available in the middle of 2007
March 17, 2006
KSI Services, Inc. and Bovis Lend Lease announced today that the final floor of KSI’s 16-story Midtown Alexandria Station condominium residences has been poured. A Topping Out ceremony was held March 15 to honor the construction crews for their hard work and to commemorate the successful, on-time completion of the highest point of the structure. Now that vertical construction is complete, the building is now ready to move into exterior finishes followed by interior construction and fit-out. Homes will begin delivery in summer of 2007.
“We are very excited to have reached this construction milestone,” said John Chappelear, senior vice president of condo operations for KSI. “Sales at this unique community have been brisk and it’s understandable that purchasers are eager to move into their new homes.” He adds, “we know that location is the primary driver in the decision to purchase a new home and this amazing location next to the Metro station, coupled with the upscale amenities offered, make Midtown Alexandria a highly desirable place to live.”
Midtown Alexandria Station will have 368 new condominiums in an upscale high-rise. It is located adjacent to the Huntington Metro Station. Finishes include imported Italian cabinetry, granite countertops and GE Profile™ stainless steel appliances. Amenities include an outdoor swimming pool with waterfall and Jacuzzi®, landscaped sundeck with an outdoor grill area, 24-hour concierge service provided by VIPdesk™, a cyber café with wireless Internet access and a sports center with massage room.
Midtown Alexandria Station reached the $100 million mark in the first four months its sales office was open. It has now topped $120 million with over 300 of the homes sold .
KSI currently has over 5,000 condominium homes in its construction pipeline over the next three years and a waiting list of over 20,000 prospective buyers.
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About KSI Services, Inc.
Based in Northern Virginia, KSI is a leading developer of award-winning, mixed-use residential and commercial properties across the Washington Metropolitan area. In 2005, KSI was named one of the areas largest private companies by the Washington Business Journal. KSI has developed more that five million square feet of commercial space and more that 50,000 homes. Current projects include urban and transit-oriented developments, multifamily housing, commercial and mixed-use developments and golf courses. Robert C. Kettler, a third-generation builder and developer founded KSI in 1977.
About Bovis Lend Lease. Inc.
Bovis Lend Lease offers over 88 years of experience in the construction industry. In the past decade alone, the firm has provided construction services on over 2,500 projects for 1,100 clients nationwide. Bovis Lend Lease provides a full range of construction services including construction management, design/build and consulting services. Bovis Lend Lease is part of the Lend Lease Group, a leading global real estate services business, having developed, constructed and managed real estate assets around the world for over 45 years. Listed on the Australian Stock Exchange, the Lend Lease Group operates in 43 countries on six continents, with a significant presence in Australia, Asia, Europe and the United States.
Editor’s Note: Photo of Midtown Alexandria Station can be found in KSI’s ‘image gallery’ at the following address: