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Kettler in the News

June 14, 2019

RPAI AND KETTLER BREAK GROUND ON NEW APARTMENT COMMUNITY AT ONE LOUDOUN

Ashburn, VA — June 13, 2019 — One Loudoun, an award-winning open air mixed-use community in the heart of Loudoun County, broke ground today on its first apartment community, Vyne. The new community will be a joint-venture between KETTLER, a real estate development company based in Northern Virginia, and a subsidiary of One Loudoun’s property owner, Retail Properties of America, Inc. (RPAI). Inspired by nature and Virginia’s acclaimed wine country, Vyne will offer elevated living spaces in the DC suburbs.

Construction on Vyne will begin this summer and is anticipated to open in late Spring 2021. The community will span two blocks within One Loudoun and will include over 22,000 square-feet of street level retail space. With 378 one- and two-bedroom units, Vyne will offer luxury amenities including a standalone clubhouse with rooftop terrace, co-working space, resident lounges, fitness center with studio, swimming pool, pet spa and two lushly landscaped courtyards offering four season outdoor amenities.

“With a long-standing history of development in Loudoun County, and the Town of Leesburg, we’re excited to build upon that history in partnership with RPAI to develop this dynamic, mixed-use apartment community,” says Bob Kettler, Chairman & CEO of KETTLER.

“We are thrilled to begin our joint-venture partnership with KETTLER and break ground on Vyne which will further support our transformation of the property to a regional mixed-use hub,” stated Nick Over, Vice President and Director of Development – Eastern Division at RPAI. “We continue to enhance our approximately 470,000 SF project with a mix of high-end retail and entertainment components with recent openings such as Trader Joe’s and our Four Corners container park, and we are excited to add a residential component with Vyne, to complete the ultimate live, work, and play experience at One Loudoun.”

The project architect for Vyne is Dwell Design Studios. They are joined by interior design firm Bandura Design and landscape architects, Studio 39. LF Jennings will serve as the general contractor.

About:

Located in the dynamic community anchor offering the ultimate lifestyle experience in the rapidly growing Loudoun County, One Loudoun is owned and operated by a subsidiary of RPAI. Ideally located at Rte 7 & the Loudoun County Parkway, One

Loudoun is easily accessible from nearly anywhere in the Northern Virginia region and is one of the most exciting developments in the DC region. This open-air, mixed-use development features Trader Joes, Alamo Drafthouse, Great Gatherings, Matchbox, The Fitness Equation, Scout & Molly’s, Fortessa, and Four Corners – a unique container part featuring pop up shops and eateries. To learn more, please visit OneLoudoun.com. Connect socially with One Loudoun via its Facebook and Instagram.

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.

Retail Properties of America, Inc. (RPAI) is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of March 31, 2019, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.