February 20, 2017
CoastOak Group Announces Completion of Loudoun County Communities
By CoastOak Group
CoastOak Group announced the completion of two master-planned communities in Loudoun County, Virginia containing 679 residences. The development was handled by Woodlawn Development Group, a platform CoastOak formed with NVR, Inc. and Morgan Stanley Real Estate Investing in June 2011.
Woodlawn invested over $55 million in land development and infrastructure across these communities, completing the work on schedule and under budget. All lots sold to builders, with final homes under construction.
Westridge was acquired in 2011 with comprehensive plan revisions initiated in 2012. The community features a central park within walking distance of residents. It contains 455 townhomes and detached homes built by Ryan Homes.
Dawson's Corner was acquired and developed beginning in 2011. This luxury community offers larger lots with 224 homes constructed by NV Homes and Ryan Homes.
Greg McGowan, Managing Principal, stated: "We are very excited to see our residents enjoying these new communities."
Don Carroll, Managing Principal, added: "We are very pleased to see vision become reality as families enjoy these completed communities."
Woodlawn has completed over $250 million in community development since 2011 and continues developing communities with 2,000+ lots in Prince Georges County, Maryland.