MCLEAN, VA, February 27, 2019 – KETTLER, a 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.”