More feet will be hitting the streets of downtown Leesburg, as residents have begun moving into their new digs at Crescent Place.
The 12-acre development along Harrison Street across the street from Raflo Park, boasts 224 residential units to go along with 30,000 square feet of retail and commercial space.
Hobie S. Mitchel of Lansdowne Development Group, who is spearheading the project along with homebuilders Knutson and Ryan Homes, said this week that residents have already begun moving into their new homes. Crescent Place includes a mix of townhouses, residential over retail and stacked townhouses.
Of the 224 units available, 90 have been sold. In terms of the available commercial space, Mitchel said that about one-third of available property is under contract, with strong interest in the rest.
The first business owner to sign on the dotted line for retail property was Ralph Ferraiolo of Ferraiolo Fitness. Mitchel noted that Ferraiolo was also the first to sign on for space at Lansdowne Town Center, where he still has a location today. Available commercial space in Crescent Place comes in the form of for-sale retail condos, with tenants able to purchase multiple spaces. Retail space in the development is still under construction, with some on schedule for May delivery. Additional buildings will be constructed this summer, Mitchel said.
With the development beginning to show the signs of neighborhood activity, rather than construction, Mitchel said the final community is better than even he imagined.
“Now that you see it and it’s done, what a difference it’s made in the whole downtown Leesburg,” Mitchel said. “It really has created the seed of redevelopment in the Crescent District.”
The project is an example of the type of development town leaders and property owners envision for the area long eyed for redevelopment.
It is this walkability factor that has been a major attractor for those moving into the residences, Mitchel said. Empty nesters and young professionals alike have been some of the early adopters of the Crescent Place development.
Kevin Arbogast falls into the latter category. An employee at Toth Financial on South King Street and immediate past chairman of the Loudoun County Chamber of Commerce’s Young Professionals Committee, Arbogast said he wanted to buy in an area where he could walk to downtown shops and dining. He also said being able to live in a natural downtown area—not one created in other town center-esque developments—was a special opportunity.
“You can’t replicate what’s there. It’s a huge draw in and of itself,” Arbogast said of downtown Leesburg.
A grand opening celebration for the Crescent Place is planned for Jan. 30, when Mitchel said the models will be open to the public for the first time. Currently, all home sales are being conducted out of trailers on site so Mitchel said he is excited to be able to show off the homes to all interested.