Sky Harbour, the aviation real estate company that builds and manages turnkey private aviation hangar complexes, has signed a lease agreement with the Metropolitan Washington Airports Authority (MWAA) for the development of an 18-acre facility at Washington Dulles International Airport (KIAD), the capital’s international gateway.

Expected to break ground in fourth-quarter 2025, the $50-million first phase of the project will include a quartet of 34,000-sq-ft hangars that are fully customizable by tenants, including lounge space, and can shelter ultra-long-range business jets. The company will also construct its own 20,000-gallon fuel farm for the use by tenant aircraft.

According to Neil Szymczak, Sky Harbour’s v-p of real estate, the company anticipates the completion of Phase 1 in early 2027. The following Phase 2 will duplicate the previous one in terms of infrastructure and bring the complex to a total 272,000 sq ft of hangar space.

“As growth surges through our region, so does the demand for aeronautical support facilities,” said Richard Golinowski, MWAA’s v-p, and KIAD manager. “Our partnership with Sky Harbour symbolizes the Airports Authority’s commitment to ensuring KIAD remains at the forefront of meeting current and future demand for aeronautical services in the Washington area.”