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LOUDOUN, VA-Buchanan Partners has broken ground on the first phase of its 400-acre Arcola Center site here. Phase 1, which consists of installing the infrastructure for 250 condo and town homes on a 55-acre parcel called The Residences at Main Street, will run about $25 million in development costs, project manager Jimmy Roembke tells GlobeSt.com. Meanwhile the company is scouting for additional projects. “We started seeing competition for entitled residential land, especially in this area, pick up about six to 12 months ago,” he says. “The market has unquestionably entered a new cycle.”

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