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Midtown Bethesda North Condominums Top Out

20-story building will have 230 homes available in the spring of 2007

May 17, 2006

KSI Services, Inc. and Bovis Lend Lease announced today that the final floor of KSI’s 20 story Midtown Bethesda North condominium project has been poured.  A Topping Out ceremony was held yesterday to honor the construction crews for their hard work and to commemorate the successful and safe on-time completion of the highest point of the structure.  Work will now commence on exterior finishes, followed by interior construction and fit-out.  Homes will begin delivery in the spring of 2007.

“This is always an exciting construction milestone,” said John Chappelear, senior vice president of condo operations for KSI.  “We know that location is always a key driver in a decision to purchase a new home. The Twinbrook Metro Station, the shopping, the entire marketplace in Bethesda and Rockville have made Midtown Bethesda North a very desirable place to live.”

Midtown Bethesda North is distinguished by luxury living in an urban atmosphere.  KSI partnered with Forrest Perkins, a leading interior designer for some of the world’s finest hotels, to bring a boutique hotel feel to the project.  Each of the 230 homes will feature designer kitchens with Italian cabinetry, imported granite countertops, Hansgrohe fixtures and hardwood flooring in living areas.  In addition, penthouses will have additional options from an array of luxury touches that include upgraded hardwood flooring, separate dining rooms, 10 foot ceilings, oversized showers with frameless doors and oversized soaking tubs. These penthouses are located on floors 17 to 19 where the views are extraordinary.

The 20th Floor Skybox will feature a party room overlooking a pool with waterfall, a spa and a landscaped sundeck.

KSI and Bovis have partnered recently partnered in several developments, including Midtown Reston Town Center, Midtown Lofts, The Metropolitan at Reston Town Center and Midtown Alexandria Station.  These along with Midtown Bethesda North have all been strategically located near transit, shopping and restaurants.  In addition, KSI offers a wide range of amenities at these communities that convey a community lifestyle to KSI homeowners.

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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 2006, KSI was named one of the areas largest private companies by the Washington Business Journal.  KSI has developed more than five million square feet of commercial space and more than 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 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 significant presence in Australia, Asia, Europe and the United States.