Month: December 2013

U.S. Retail up the Highest in 5 Months

November retail figures have been released, and it’s more promising news for the industry as a whole! Numbers show that Americans flocked to the shops, either gearing up for the holiday season or taking advantage of the incredible sales and savings opportunities.

Whichever the reason, this brings the retail industry a well-deserved boost and pushes retail sales to the highest they’ve been in five months. There was a 0.7 percent gain in November, adding to the consecutive gains from months prior.

Not surprisingly, these are welcomed numbers to the retail community. According to chief U.S. economist at Deutsche Bank Securities Inc. in New York, Joseph LaVorgna, “we’re going in the right direction.” The industry seems to be finally gaining momentum and is picking up at a quick pace. At this new rate, 2014 is set to be a great year for retail – including for the retailers in One Loudoun!

Not only are economists and experts feeling optimistic about the future of retail, but so are the consumers. Confidence rose for the third week in a row, as shoppers felt more secure in their finances. According to Bloomberg, “the Bloomberg Consumer Comfort Index advanced to minus 30.9 in the period ended Dec. 8, the best reading since the first week of October, from minus 31.3.” With rising consumer confidence, we can expect the effects to ripple into spending habits. Economists are predicting that personal spending will top three percent at an annual rate for the first time since the end of 2010. These predictions are based on the 3.6 percent growth in the economy last quarter.

Families are moving into the community at an incredible pace, and with the continued growth of our resident and consumer base, 2014 could be a great year for One Loudoun! There’s no doubt that this might be one of the best times to open a new shop or store location in our development.  Retailers will do extraordinarily well at One Loudoun, and they should act fast – there’s no telling how quickly our commercial retail and office spaces will fill up. Simply put, opening your doors in One Loudoun could prove to be very prosperous for any business!

Source: Bloomberg

Loudoun County Maintains 'Wealthiest' Title

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It’s no secret that Loudoun has been named the wealthiest county in the nation for countless years. This year, as the Census Bureau releases the median household income for 2012, we find that Loudoun County has once again maintained its title as the most affluent county in the country.

The title of ‘Wealthiest County’ has an interesting effect. It’s possible more homeowners will want to move here to be a part of such a great local economy, and to live in an area that is considered to be more stable than others. And, the more affluent homeowners who choose our county as their home, the longer Loudoun can maintain this celebrated title.

This news also has an exciting effect on business owners and retailers. Location weighs greatly when deciding on the perfect place to open a store location or business. And, with Loudoun County’s affluence, making the decision to choose this area is so easy. The more affluent an area is considered to be, the more attractive it is to retailers of all sizes.

One Loudoun is an even better bet when deciding on a new location. Our community is set to be one of the most convenient and impressive communities in Northern Virginia. Because of this, it is an ideal place to utilize commercial retail and office spaces. With room for big-name retailers and the consumer base for success, One Loudoun takes the guessing work out of finding a new location. Want more proof? Take a look at the retail demographics for our area.

Residents in One Loudoun will want a specific type of retailer. They will be searching for the boutiques and small shops, but they will also seek mid-size retailers that can offer even more for their families. And in One Loudoun, we have thousands of square footage of available office and retail space for exactly these types of businesses. The decision to open a store location in our development couldn’t be any easier!

Add the number of homes sold and the families moving into One Loudoun to the affluence of our county, and it’s the ideal business opportunity. With the improving economy and a constant customer base in the community and county, there’s no better time or place to open a new business!

Source: The Washington Post

One Loudoun To Be Honored At The 2014 National Sales & Marketing Awards

Ashburn, Virginia, 12/12/13 — The National Sales and Marketing Council (NSMC) of the National Association of Home Builders (NAHB), will honor One Loudoun with its 2014 Silver Award recognition for Master-planned Community of the Year at “The Nationals.”  The awards event is scheduled for February 4, 2014, at the Wynn Las Vegas, NV, during the International Builder’s Show.

The Master-planned Community of the Year category recognizes the best of new communities planned to provide a total living experience including residential, commercial, recreation and educational space.  Nominees are judged on overall interior and exterior architecture, design appeal, function and creative use spaces, including overall community site plan.  

One Loudoun provides Loudoun County, Virginia, with a sophisticated mixed-use environment, including residential, commercial and retail space.  With more than 1,040 homes, three million square feet of Class A planned office space, and 702,000 square feet of retail space, One Loudoun provides a walkable new urban design with spaces for community gatherings and recreation.  

“The Nationals” pay tribute to superior sales and marketing achievements by individual sales and marketing professionals, homebuilders and associates. The 2014 award winners were selected from over 800 entries by a panel of eight award-winning building industry professionals. Winners emerged from a painstaking three-day judging process that included evaluation by some of the industry’s finest marketing professionals, representing a wide range of disciplines and a geographic cross-section. 

Originating in 1982 as the MIRM Awards, the program now known as “The Nationals” sustains the commitment to innovation, imagination and marketing flair that has characterized winners since inception of the competition. “The Nationals” awards ceremony is presented as part of the International Builder’s Show, a conference that routinely attracts more than 75,000 building industry professionals. “The Nationals” traditionally draws more than 1,000 attendees. 

 

About One Loudoun: One Loudoun is a premier 358-acre omni-use, master-planned community in Loudoun County, Virginia, that will feature 1,040 homes, 702,000 square feet of retail including fine dining, upscale shopping and movie theater, a luxury hotel, nearly three million square feet of office space, a clubhouse with pool and an amphitheater – all surrounded by approximately 150 acres of public land with miles of walking trails. One Loudoun’s mixed-use Downtown district opened in Spring 2013 and continues to add new tenants. One Loudoun Holdings, LLC, is a joint venture of Miller and Smith and NORTH AMERICA SEKISUI HOUSE, LLC (NASH). Visit www.oneloudoun.com to learn more, or follow the community on Facebook and Twitter.

Media Contact:

Julie Miner Dillon | Miller & Smith                        Stephanie Orton Lynch | Delucchi Plus

703.821.2500, ext. 190                                               202.248.5855

jdillon@millerandsmith.com                                    slynch@delucchiplus.com

Sustainability Trends Driving Office & Commercial Real Estate

It’s no secret that ideas of sustainability and smart-growth have been driving many markets, including office and commercial real estate. Just think of One Loudoun, our smart-growth community reduces urban sprawl, promotes green living, and creates an unbelievably convenient living atmosphere. All of this is motivated by the idea of sustaining a community within itself – a theory we strive to bring to life in One Loudoun. 

Sustainability has a unique effect on the commercial and office real estate sector.  Seeing how a major portion of any mixed-use development is its accessibility to these office and commercial structures, the effects can be felt by everyone in the community. Employees and businesses working out of these spaces will seek the surrounding community for everything from their lunch break to their new homes.  

In One Loudoun, our goal is to provide those working here with options to live here as well, and vice versa.  Within our development, we want to provide everything a family might need – from a grocery store and shops to an elementary school and a park. And that’s just the tip of the iceberg:  We plan to have even more shops and restaurants (just take a look at all of the new restaurants set for One Loudoun already!), transportation to and from the Silver Line, and endless ways to have fun. 

Another primary aspect of sustainability in a community is the promotion of green practices.  As a mixed-use development that follows the principles of New Urbanism, we’ve created a community that is pedestrian-friendly and encourages the use of bikes and walking as daily transportation.  What could be better than living and working in a community with one of the most enjoyable daily commutes?

It’s these ideals that are bringing more and more people to mixed-use developments.  The idea is fascinating – having your place of work, a grocery store, a school, shops, entertainment, and restaurants all within walking distance of your beautiful new home.  This is sustainability within a community, and this is what is inspiring more businesses to choose commercial spaces in smart-growth developments.

Sustainability is a trend that is here to stay.  In One Loudoun, it becomes less of a trend and more of a lifestyle – and we wouldn’t have it any other way!

Health Benefits of Living in a Mixed-use Community

There are a lot of ways that we can improve our health – exercising regularly, eating well and getting enough sleep are a few methods that come to mind. Perhaps not as obvious, however, is that something as simple as where you live can have an impact on your health. 

Mixed-use developments such as One Loudoun promote healthy lifestyles by allowing residents to easily access transit stops, shopping destinations and restaurants by walking and not driving, according to information from the Urban Land Institute.

A short walk to the bus stop or the shop down the street may not seem like much, but researchers have founded that even small amount of physical activity can help combat obesity. In fact, a study of transit-oriented neighborhoods in Charlotte, North Carolina, found that residents who used the light rail, and could walk to it, weighed an average of six pounds less than those who did not use the light rail.

According to the Urban Land Institute, if destinations such as home, transit, shopping and restaurants are located within a quarter-mile to half-mile of a person’s workplace, they’re more likely to walk instead of drive. Most land use patterns, however, don’t focus on this type of accessibility and instead encourage people to drive to their various destinations.

In addition to convenience and health benefits, mixed-use communities offer the ability to mix incomes, generations, and housing types, allowing for a more diverse community with strong character.

According to the Urban Land Institute, developers tend to shy away from building more complex, mixed-use communities and favor simple, single-use communities. Though planning a mixed-use community certainly has its challenges, our residents at One Loudoun know that it pays off – they benefit from the careful planning and hard work every day. 

Though all mixed-use communities provide health and other benefits to residents, we believe that One Loudoun truly offers something special. Everything we’ve incorporated into our mixed-use community offers the very best to our residents and the companies that make One Loudoun their home. From our luxurious new construction single family homes and townhomes to our incredible selection of shopping and dining options to the nearly 3 million square feet of class A office space, our community offers only the best. All of these features are within the highly desirable area of Loudoun County, Virginia, making One Loudoun the premier mixed-use development and Northern Virginia.  

SOURCES: Urban Land Institute

 

 

Commercial Real Estate ‘Recovering from Recovery’

In early November, the Urban Land Institute (ULI) released its annual “Emerging Trends in Real Estate” report, and among the findings were positive predictions for commercial real estate in 2014.

An optimistic outlook for commercial real estate is great news for mixed-use communities such as One Loudoun. Along with residential real estate, commercial real estate is the other piece of the puzzle for our unique mixed-use community, which includes nearly 3 million square feet of class A office space and over 700,000 square feet of retail, restaurants and entertainment. 

The phrase “recovering from recovery” was coined by a ULI survey participant when describing the state of commercial real estate, reflecting a slow but steady improvement. At a press briefing for the report, real estate experts echoed similar sentiments, stating that the state of commercial real estate’s recovery can be compared to the middle third of a nine-inning baseball game.

The report highlighted the following points when looking to the future of commercial real estate in 2014: 

·      Real estate professionals expect growth in the commercial real estate industry to generate consistent and growing demand for all property types.

·      As the economy continues to recover, investors and lenders alike have an increasing interest in commercial real estate.

·      The ability of the commercial real estate market is predicted to improve for all property types. 

·      Generation Y could be the biggest impact on commercial real estate for years to come. The report noted that Generation Y functions completely differently than previous generations in the way that they live, work and play, which has a sizeable impact on all sectors of real estate. According to the report, Generation Y will be a “powerful engine” that will positively impact the industry and shape the future of commercial real estate.

The report reflected a positive outlook for not only commercial real estate, but the overall real estate market as well. According to the report, economic and real estate cycles have improved enough for trends to make a positive impact on the real estate market in 2014.

And experts aren’t the only optimists – survey respondents rated prospects for almost all types of real estate businesses more optimistically for 2014 than for 2013.

As the year draws to a close, it’s comforting to know that real estate professionals are optimistic about the market next year. At One Loudoun, we’re also optimistic about the future of our mixed-use community – and for good reason. With an incredible variety of shopping, eating and entertainment options in a stellar location, it’s easy to see why businesses and residents alike love our community, and we can’t wait to see what’s in store for next year.

SOURCE: Urban Land Institute, useconomy.about.com