One Loudoun

The biggest development to hit Loudoun County since Dulles Airport opened in the 1960s is One Loudoun. What is One Loudoun?

• 360-acre project.
• 3 million square feet of office space
• 700,000 square feet of upscale retail.
• SW corner of Route 7 and Loudoun County Parkway
• Includes World Trade Center Dulles Airport, an office building housing service organizations whose collective goal is to help foreign companies establish operations in the region.
• Member International Association of Science Parks
• Luxury hotel
• Movie theater
• 937 market rate homes
• 1 elementary school
  

The project is forecast to create 14,000 jobs with a focus on life sciences employment and is expected to be completed in 2018.

One Loudoun is different from most commercial projects in northern Virginia as it seeks to develop business through trade rather than simply provide buildings to house government contractors which has been the case along the rest of the Dulles corridor.

The international trade aspect of the Dulles World Trade Center shoulders One Loudoun as the leader for county economic aspirations.

The DWTC has a mutual cooperation agreement with its counterpart in Frankfurt Germany and provides a framework for the growing Asian, Middle Eastern and Latin American merchant communities in the Dulles area.

Unspoken but widely acknowledged, the DWTC would focus on business deals to the extent the DC Trade Center does not.

One Loudoun joins the nearby recently opened Howard Hughes Medical Institute (HHMI) in a county effort to create business headquarters rather than relying on economic incentives to get companies to relocate to the area.

Currently, land has been cleared and piping operations are set to begin throughout 2008.

As a result of the construction of One Loudoun, an interchange will be built not at the entrance but at Ashburn Village Parkway and Route 7, the location of HHMI.

Previous to the proffer agreement with One Loudoun, Loudoun County voters approved a bond issue to construct an interchange at Loudoun County Parkway and Route 7 at the entrance of One Loudoun.

One Loudoun aims to compete with Chevy Chase (NW DC/MD) and Tysons Galleria high end retailers with brands similar to Gucci, Prada and Tiffanys.

The advantage over Tysons with which it would directly compete, is the spread out nature of Tysons versus the planned one stop and walk urban environment at One Loudoun.

Arriving at nearby Dulles airport, international currency exchange shopper tour groups also fall within the target market. Miami, NYC and Honolulu do a booming business in this market.

Homes in Leesburg, Ashburn and Sterling will increase in value due to the use and destination status of One Loudoun.