Kettler Inc.

KETTLER is a company engaged in real estate development in the Washington, D.C. metropolitan area.

KETTLER
private
IndustryReal estate
Founded1977 (1977)
FounderRobert C. Kettler
HeadquartersMcLean, Virginia, United States
Area served
Northeast, Southeast Region
ServicesDevelopment, Engineering, Property Management, Marketing, Asset Management
Websitewww.kettler.com


History

The company was founded in 1977 by Robert C. Kettler.[1]

In January 2014, the company announced plans to start construction on a 275-unit apartment complex just north of Rockville Town Square in Rockville, Maryland.[2]

In February 2014, the company formed a joint venture with PS Business Parks to redevelop an office property in Tysons Corner to an apartment building.[3] The company also acquired a site on Florida Avenue in Washington, D.C. for redevelopment into apartments.[4]

In March 2014, the company announced plans to develop Element 28, a 101-unit luxury high-rise in Bethesda, Maryland.[5]

In November 2014, the company sold an apartment complex in Mount Vernon Triangle for $106.5 million.[6]

In November 2015, the company submitted plans for its Market Terminal project, which features two residential buildings and an office building near Union Market.[7] In January 2017, the company re-submitted plans for the development.[8]

In April 2016, in partnership with Westbrook Partners, the company acquired the 257-unit The Flats at Atlas.[9]

In February 2017, a joint venture between the company and Federal Capital Partners sold a 404-unit apartment complex in Leesburg, Virginia to PNC Bank for $55.25 million.[10]

References
  1. Goff, Karen (August 17, 2017). "40 years of Kettler: How a development icon changed with the times". American City Business Journals.
  2. Sernovitz, Daniel J. (January 13, 2016). "Kettler, at long last, to break ground on Rockville apartment project". American City Business Journals.
  3. Neibauer, Michael (February 14, 2014). "Kettler, PS Business Parks bid to redevelop Tysons Corner's West-Park". American City Business Journals.
  4. Sernovitz, Daniel J. (February 19, 2014). "Kettler Inc. to develop Adams Morgan apartments". American City Business Journals.
  5. Echols, Tucker (March 4, 2014). "Kettler gets funding, will start Bethesda luxe high-rise mid-year". American City Business Journals.
  6. Clabaugh, Jeff (November 13, 2014). "Ogden CAP Properties buys Mt. Vernon Triangle apartment building for $107M". American City Business Journals.
  7. Neibauer, Michael (November 2, 2015). "Kettler pitches massive Union Market-area development". American City Business Journals.
  8. Banister, Jon (January 3, 2017). "Renderings Revealed: Kettler's Latest Submission For 800-Unit Market Terminal". Bisnow Media.
  9. "The Flats at Atlas Sold to Kettler". CBRE. April 15, 2016.
  10. Banister, Jon (February 2, 2017). "FCP, Kettler Sell Leesburg Apartments For $55M". Bisnow Media.
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