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Kettler in the News
February 28, 2019
KETTLER AND HILLWOOD FORM STRATEGIC PARTNERSHIP ON THREE RESIDENTIAL DEVELOPMENTS
MCLEAN, VA, February 28, 2019 – KETTLER, leading Washington D.C. real estate development and property management company, announces today a partnership with Hillwood Communities on three residential communities in the D.C. metropolitan area with a combined $200 million value at build-out.
The partnership comes as Hillwood’s first residential investment in the capital region. Hillwood is one of the nation’s top industrial, commercial, and residential real estate developers, active in 48 markets across the U.S. and Europe. Through its Communities division, Hillwood has developed more than 28,000 single-family lots in 89 master-planned communities across 13 states and two countries. Hillwood Communities also invests with other best-in-class developers such as KETTLER. Hillwood’s development philosophies are well aligned with KETTLER’s and the partnership positions both brands for further success in the market.
Hillwood is owned by Ross Perot Jr., who served as chairman of the Air Force Memorial Foundation where he led the effort to build the United States Air Force Memorial in the Washington, D.C. region, making him no stranger to the hearts and minds of locals.
Based in McLean, Va., KETTLER is a family-owned developer, owner and operator of award-winning residential, commercial and mixed-used communities throughout the Mid-Atlantic region, including 29 master-planned communities.
“We are excited about the strategic alliance of our businesses, as Hillwood extends its presence to the D.C. market,” said Robert C. Kettler, CEO of KETTLER. “Hillwood has an incredibly successful track record as a real estate leader with an impeccable reputation. Given their success elsewhere, we have no doubt that this expansion will have a positive impact on our community.”
“Beyond its track record and expertise in the market, we chose to partner with KETTLER because they clearly share in our commitment to long-term value. We view KETTLER as a leader in developing residential and mixed-use communities and are excited to begin our relationship with these projects,” said Danny Ellis, Vice President of Hillwood.
The partnership will kick off in the Washington, D.C. region with the three new communities, including Fredericksburg Park, a mix of 284 detached and attached single-family homes and commercial property within walking distance to historic downtown Fredericksburg and its VRE commuter rail station. KETTLER and Hillwood plan to break ground in March.
Also this spring, construction is slated to start on Riverside Station in Woodbridge, Va. The project comprises 118 townhome units on 11 acres, adjacent to the Rippon Station VRE commuter rail station.
In late 2019, the partnership anticipates breaking ground on East Quarter, a community of 64 single-family attached homes on 14 acres in Leesburg, Va.
“We see these three projects as a great beginning for our relationship with Hillwood,” Kettler said. “We have every expectation that Hillwood’s presence in the market will grow, and our relationship will grow with it.”
KETTLER is an award-winning, multifamily developer, investment, and management company. Founded in 1977, the company has developed over 20,000 multifamily units, 5 million square feet of commercial space, more than 46,000 homes in 25 master-planned communities, and many of the D.C. Region’s premier mixed-use communities. Headquartered in McLean, Va., the company manages over 20,000 apartments in the Northeast, Mid-Atlantic, and Southeast regions. For more information, visit www.KETTLER.com.
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Through its Communities division, Hillwood has delivered more than 28,000 single-family lots in 89 master-planned communities across 13 states and two countries. These communities continue to raise the bar in terms of quality, innovation, and the unmistakable sense of community that sets each property apart. In addition to owning and managing its own developments, Hillwood Communities also invests with other developers who have compatible philosophies and experience creating residential communities. For more information, please visit http://www.hillwoodcommunities.com.