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Lerner And Tower Begin Construction On Dulles 28 Centre

Dulles, Virginia, July 10, 2006 - Lerner Enterprises and The Tower Companies (TowerCompanies.com) are pleased to announce that site development work has begun on Dulles 28 Centre, a 300,000 square foot shopping center in Dulles, Loudoun County, Virginia. This is the second phase of development for Dulles 28 Centre that includes Wegmans Food Market, Residence Inn - Dulles Airport @ Dulles 28 Centre and Loudoun Dulles 28 Centre Auto World.

A lifestyle shopping venue, Dulles 28 Centre is strategically located at the grade separated interchange of Routes 28 and 625 (Waxpool Road), directly opposite AOL headquarters, only three miles from Washington Dulles International Airport, and within minutes of the Dulles technology corridor and many area companies, including Booz Allen Hamilton, Verizon Business, the U.S. Department of Homeland Security and United Airlines. In addition, Dulles 28 Centre is in the heart of a large population base with exceptionally high purchasing power. The location offers convenient access to the Washington Metropolitan Area's largest business, retail and leisure centers, including Tysons Corner, Reston, Leesburg and all of Loudoun and Fairfax County.

Loudoun County boasts:

  • The 2nd fastest growing county in the country
  • Third wealthiest county nationwide
  • Fifth largest job growth in the country
  • Average household income of $120,235

"Dulles 28 Centre sits right in the middle of one of the nation's fastest growing commercial and residential areas. We are pleased with the overwhelmingly positive merchant response to the design and layout of the center," said Arthur N. Fuccillo, Executive Vice President of Development and Construction for Lerner Enterprises.

The center is anchored by an existing 135,000 square foot Wegmans that opened in 2004. Wegmans Food Markets, Inc. is a 71-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia and Maryland. Founded in 1916, Wegmans is recognized as an industry leader and innovator, offering quality products and gourmet foods.

A 125,000 square foot Target will co-anchor Dulles 28 Centre and is scheduled to open in July of 2007. Early leasing activity includes Avalon Lifestyle Nail Salon, Bubbles Salons, Chevy Chase Bank, Hair Cuttery, My Eye Dr., Verizon and restaurants including California Tortilla, Chee Burger Chee Burger, Moby Dick House of Kabob and Pei Wei Asian Diner will provide a unique blend of food and services to the center.

Also located within Dulles 28 Centre is the new Residence Inn by Marriott (ResidenceInn.com), which opened April 2006. The Residence Inn-Dulles Airport @ Dulles 28 Centre is a 151-suite hotel, built to accommodate extended stay travelers. It is the first hotel in the nation to feature Marriott's most recent design and décor package. The hotel showcases contemporary décor and finishes that reflect the comforts and luxuries of a modern American home, including a 32-inch high definition flat panel LCD television; fully equipped kitchen with stainless steel appliances and granite countertops; bathroom with cherry, chrome, granite and porcelain; and designer selected fabrics, floor coverings and lighting.

The 300-acre development also includes:

  • The future site of The Presidential Golf Club at Dulles 28 Centre featuring two 18-hole championship golf courses. The golf club will house the Jack Nicklaus Academy of Golf, a year-round training academy with covered and heated tee stations, club fitting center, video and computer technology resources, a 2,000 square foot golf shop, plus a multitude of high-end amenities. The golf academy is scheduled to open Fall 2006 and the first golf course is scheduled to open in 2007.
  • Loudoun Dulles 28 Centre Auto World which includes:
    • BMW of Sterling
    • Brown's Nissan
    • Don Beyer Volvo
    • Ferrari/Maserati
    • CarMax

Dulles 28 Centre is designed by Bignell, Watkins & Hasser Architects of Annapolis, Maryland. The design positions stores in a village-like setting with a palette of textured materials and interconnected features to create a contemporary design. Lerner Corporation will provide leasing and management services for the project. RJ Smith Companies of Richmond, Virginia has been selected to complete the site development phase of construction.

Lerner Enterprises, founded by Theodore N. Lerner, is based in North Bethesda, Maryland and is Washington, D.C.'s largest private real estate developer. The company is involved in all phases of commercial and residential real estate including planning, development, construction, leasing, asset management and property management. Lerner Enterprises has developed, and currently manages through Lerner Corporation, its leasing and management affiliate, more than 15 million square feet of office, retail and residential space. Lerner retail projects include White Flint, Annapolis Harbour Center, Fallsgrove Village Center and Towne Plaza in Maryland as well as Dulles Town Center, The Spectrum at Reston Town Center and North Point Village Center in Virginia.

The Tower Companies, an award-winning, Bethesda-based, family-owned business founded in 1947, is the largest developer of green buildings in the Nation's Capital. They built America's first LEED™ certified apartments in Silver Spring, MD called Blair Towns; were the recipient of AOBA's Green Office Building of the Year for The Tower Building in Rockville, MD; and have won numerous city, county, state and national awards for their green efforts including the Leadership Award for green power purchasing presented to them by the Environmental Protection Agency and the Department of Energy. The Tower Companies is currently the 20th largest purchaser of green energy in the country, and the only real estate developer on the EPA top 25 list. Tower has developed more than 3.5 million square feet of office space and office parks, 3,500 apartments, regional malls, residential communities, lifestyle centers, hotels, and industrial/flex space within the Washington metro region. For more information, visit TowerCompanies.com.

The Tower Companies and Lerner Enterprises have collaborated on numerous landmark developments over the past 30 years including; White Flint Mall, Washington Square at Connecticut Avenue and L Street, N.W., White Flint North, Beaumeade Corporate Park, 2000 Tower Oaks Boulevard, Dulles 28 Centre and several others in the Washington, DC area.

Additional information on Dulles 28 Centre is available at Dulles28Centre.com.