SOURCE: Miller and Smith; SEKISUI HOUSE, Ltd.

One Loudoun

February 21, 2011 07:00 ET

Miller and Smith and SEKISUI HOUSE, Ltd., Announce One Loudoun Project Development and Construction

MCLEAN, VA--(Marketwire - February 21, 2011) - Miller and Smith, a privately held commercial real estate developer in McLean, Virginia and Japan's SEKISUI HOUSE, Ltd., are pleased to announce the official project development and construction for One Loudoun.

One Loudoun is a premier 358-acre omni-use, master-planned community in Loudoun County, Virginia that will feature 1040 residential homes, 702,000 square feet of retail to include fine dining, upscale shopping, luxury hotel and movie theater, three-million square feet of office space, a community center, and an amphitheater -- all surrounded by approximately 150-acres of public land and miles of walking trails. One Loudoun will also be home to the World Trade Center Dulles Airport, projected to generate up to 14,000 new jobs and serve as a powerful economic development engine by promoting both international trade and domestic investment around the world. Originally launched in 2007, One Loudoun has completed more than $30 million in public infrastructure including an elementary school and 16 lane miles of new roads.

Starting immediately, project development and construction is underway to include:

Section 1:

South Village: Land preparation of 60-acres designated for 168 single-family homes, 146 townhomes, 39,000 square feet of retail and 124,000 square feet of office. Homebuilder, retail, and office leasing partners will be announced Spring 2011. Pre-home sales will be available as early as Fall 2011. Completed South Village scheduled for 2014.

Section 2:

North Village: Land preparation of 40-acres designated for 97 single-family homes, 28 townhomes and 500,000 square feet of office space. Office pad sales and leasing will be available through Cassidy Turley. Homebuilder partners will be announced Spring 2011. Pre-home sales will be available as early as Fall 2011. Completed North Village scheduled for 2016.

Section 3:

Downtown: Land preparation of 100-acres designated for 446 multi-family homes, 155 townhomes, 663,000 square feet of retail, three million square feet of office and 750 hotel rooms. Office pad sales and leasing will be available through Cassidy Turley. Retail leasing is now available through Potomac Development Group. The first phase is scheduled to be completed Spring 2013.

Section 4:

Community Center, Pool, Tennis Courts and Amphitheater: Land preparation and construction on 7-acres for a 10,000 square foot Community Center featuring a pool and tennis courts and a community-sized amphitheater. Completed Community Center and Amphitheater scheduled for 2013.

Designed by Torti Gallas and The Eisen Group in conjunction with Miller & Smith, One Loudoun has already earned national and international recognition and is the recipient of the "Smart Growth Award" from the Smart Growth Alliance, a consortium of the Chesapeake Bay Foundation, The Greater Washington Board of Trade, the Coalition for the Smarter Growth and ULI Washington (a district council of the Urban Land Institute), focused on encouraging land use and transportation policies that protect environmental assets and enhance quality of life. 

One Loudoun will be showcased by Potomac Development Group at the ICSC Mid-Atlantic Deal Making Conference scheduled on February 22 and 23, 2011 at the Gaylord National Resort, National Harbor, Maryland. For additional information about One Loudoun, please visit www.oneloudoun.com or call Miller & Smith at (703) 821-2500.

About SEKISUI HOUSE:

SEKISUI HOUSE, Ltd., is a publicly traded commercial real estate company located in Osaka, Japan and is one of Japan's largest homebuilders. Founded in 1960, SEKISUI HOUSE has been actively expanding its international operations and recently established North America SEKISUI HOUSE, LLC (NASH) to control and manage the company's joint ventures in the United States including One Loudoun. For more information about SEKISUI HOUSE, Ltd., visit www.sekisuihouse.co.jp/english.

About Miller and Smith:

Founded in 1964, Miller and Smith is a privately owned, commercial real estate company that has earned a reputation for creating innovative and imaginative homes and communities. The third largest private homebuilder in the Washington, DC metropolitan region, Miller and Smith has assets in excess of $186 million with annual revenue of $110 million. Miller and Smith has built more than 5,000 single families homes, 8,000 townhomes, 2,000 condominiums and developed 12,000 home sites in 87 communities throughout Maryland, Virginia and Delaware and is headquartered in McLean, Virginia. For more information about Miller and Smith, visit www.millerandsmith.com or call (703) 821-2500.

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