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LEESBURG, VA-The Leesburg Town Council has just given its approval for the mixed-use Village at Leesburg. The $500-million project is being developed by KSI Services Inc. which has conceived a plan for office, retail, hotel and residential offerings on a 150-acre site off Rte. 7 near KSI’s Goose Creek Golf Course.

As it stands now, plans for the Shook Kelley Inc.-designed project include 565,000 sf of class A office space, 440,000 sf of retail space, 635 multifamily units and a hotel segment. The hotel could take the form of one multiple-use property and a second full-service lodging establishment. An anchor for the retail segment, the leasing of which is being handled by KLNB, has already been secured with the 140,000-sf commitment from food market chain Wegmans. As for the multifamily portion of the development, 300 units will be dedicated active adult residences, while the remaining 335 residences will be condominiums and rentals. Real estate services firm CB Richard Ellis is overseeing leasing of the office space.

KSI anticipates that the retail and housing elements will help lure businesses to the office space. “Village at Leesburg’s mixed-use space will generate a lot of demand,” Ben Klein, KSI assistant project manager, tells GlobeSt.com. “It’s a good environment for offices to come on board.” He adds that mixed-use drives employers who want to provide workers with extra benefits such as shopping, restaurants and housing near the office.

KSI’s next hurdle lies with the Leesburg Board of Architectural Review, which must sign off on the project given that part of the property is located in an historic district. Additionally KSI will spend the upcoming months solidifying the development and construction plans for internal review.

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