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CBG Signs Second Phase of Luxury Apartment Project with Kettler

Mixed-Use Community to Deliver in Downtown Columbia, Maryland
January 28, 2016

ARLINGTON, Va.—CBG Building Company signed a contract with Kettler and the Howard Hughes Corporation today for Phase 2 of the downtown Columbia redevelopment. Following the Phase 1 completion of The Metropolitan Downtown Columbia in June 2015, the project's second phase will include 437 luxury apartments and more than 28,000 square feet of ground floor retail and restaurant space.

CBG Signs Second Phase of Luxury Apartment Project with Kettler Press Release Image

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"Downtown Columbia has been undergoing an amazing transformation," said Robert C. Kettler, Kettler Chairman and CEO. "Together with The Metropolitan, mall expansion, and the arrival of Whole Foods, Phase 2 will continue the evolution of Downtown Columbia into one of the most sought-after residential addresses in the Baltimore-Washington region."

Phase 2 will provide a variety of floorplans, including studio, one-, two-, and three-bedroom units, many of which include dens. All units will feature high-end finishes such as quartz countertops and stainless steel appliances. The amenity-rich community will boast a state-of-the-art fitness center and indoor sports court, lush courtyards with pools, a pet wash station, and indoor and outdoor lounge areas.

"We look forward to delivering the next phase of Metropolitan Downtown Columbia," said Jim Turner, vice president at Kettler. "Following the success of The Metropolitan, we are proud to continue working with CBG to execute an equally high-quality community."

"We are excited to be building another project with Kettler and Howard Hughes and to help build on the momentum of The Metropolitan Downtown Columbia project we completed in 2015," said Keith Anderson, president at CBG. "Our team has worked diligently with Kettler and Howard Hughes over the past year as this project has developed from a concept to what will be a vibrant new addition to the Columbia Town Center."

Targeting LEED Silver certification, Phase 2 will feature energy-saving appliances, bicycle parking spaces, car charging stations, environmentally friendly building materials, and a green roof.

In addition to The Metropolitan Downtown Columbia, CBG's recent Kettler portfolio includes: Village at Leesburg, a 335-unit mixed-use community in Loudoun County, Virginia; The Metropolitan Rockville Town Center, a 275-unit luxury apartment community in Montgomery County, Maryland scheduled for completion in November 2017; and Highgate at Metropolitan Mile, a 395-unit transit-oriented community in McLean, Virginia scheduled for completion in December 2017.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.

About Kettler Inc.

Kettler and Kettler Management are owners, operators, and developers of apartments, condominiums, and mixed-use projects in the Washington, D.C. metropolitan area and throughout the mid-Atlantic region. Headquartered in Tysons, VA, the company has developed nearly 20,000 multifamily units, 5 million square feet of commercial space, more than 46,000 homes in 25 master-planned communities and many of the region's premier mixed-use communities. Kettler Management successfully manages over 30,000 apartments for Kettler and 3rd party clients from New York to the Carolinas and Texas and offers a full range of services to corporate and institutional real estate owners. For more information, visit www.kettler.com.