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Kettler Kicks Off Construction of $30 Million Leesburg Interchange

New Bridge and Ramps to Relieve Traffic at Route 7 and River Creek Parkway

August 27, 2007

Kettler, one of greater Washington, DC’s largest diversified real estate companies, announced today that construction is underway on a new $30 million grade-separated interchange that will alleviate traffic issues plaguing commuters at the intersection of Route 7 and River Creek Parkway in Leesburg, VA, and serve the firm’s new Village at Leesburg mixed-use project.

The traffic signal at this intersection has long frustrated motorists and is one of the most congested points along Route 7 between Leesburg and Tyson’s Corner. The new steel and concrete interchange, including a bridge over Route 7, will take 24 months to complete and is expected to open in summer of 2009.

“We are pleased to see rapid and immediate progress being made at the interchange,” said Kettler President, Richard W. Hausler. “This bridge will save residents time, gas and a lot of headaches.” It will also give the firm’s Village at Leesburg project its front door” he adds.

Kettler in partnership with Cypress Equities, an affiliate of the Staubach Companies, expects to open The Village at Leesburg, a mixed-use community along the south side of Route 7, in 2009. It will have 465,000 square feet of retail space, 208,000 square feet of office space, 335 condominiums and apartments, as well as a 300-home active adult community. The mix of buildings is attracting prominent upscale restaurants and national retailers, including Wegmans Food Market, a gourmet supermarket chain and a Barnes & Noble book store.

According to Edward S. Byrne, Kettler’s Senior Vice President of Planning, the firm worked closely with the Town’s Mayor, Council, and staff to design and landscape the new Route 7 Bridge, primarily because it lies at the eastern gateway to the downtown historic district and Loudoun’s traditional seat of government.

Separately, The Village of Leesburg is one of several locations selected for current consideration by Loudoun County as the site for a relocated and expanded County Government Center.

Dewberry designed the modified diamond interchange and is overseeing construction. The new interchange will bridge Route 7 and has approaches to and from River Creek Parkway to the north and Crosstrail Boulevard to the south of Route 7. Motorists on Route 7 will drive under the interchange with no stoplight. Shirley Contracting Company is the general contractor and has detailed plans to mitigate delays resulting from lane shifts and closures during construction. Built entirely with private funds, the interchange will be turned over to the Town of Leesburg and VDOT for maintenance when completed.

The interchange not only eases vehicular access, it will also have a 10 foot bike path and an 8 foot sidewalk providing a safe crossing for bikers and pedestrians visiting the Village at Leesburg and points south.

About Kettler

Based in Northern Virginia and celebrating the 30th anniversary of its founding in 1977 by Chairman Robert C. Kettler, Kettler is a leading developer of award-winning, mixed-use residential and commercial properties across the Washington Metropolitan area. In 2007, Kettler was named one of the area’s largest private companies by the Washington Business Journal and is one of the nation’s top 20 multifamily developers. Kettler has developed more than five million square feet of commercial space and more than 50,000 homes. The company also owns and manages over 9,000 apartments in 41 locations. Current projects include urban and transit-oriented developments, multifamily housing, commercial and mixed-use developments and resort communities.