As the Washington DC region is experiencing a redevelopment boom, real estate developers are very busy managing this changing landscape. Sustainable and green technologies are setting the standards for the building industry influencing new construction projects and the redevelopment of old neighborhoods around the capital region. Mixed-use, walkable communities are becoming extremely popular. Following is a guide to the leading real estate developers in the Washington DC area.
Peterson Companies is one of the largest privately owned real estate development companies in the Washington, DC region and offers fully-integrated development services for commercial, office, residential and retail real estate. The company has developed, managed and leased more than 30,000 residential units and is responsible for some of the most prominent and successful mixed-use residential and office developments in Maryland and Northern Virginia. Projects include National Harbor, Virginia Gateway, Downtown Silver Spring, Washingtonian Center, Fairfax Corner, Fair Lakes, Burke Centre, Tysons McLean Office Park and more.
PN Hoffman and its subsidiaries and affiliates, provide design, construction, sales, and marketing services for individual residential and mix-use development projects. The company is committed to serving the neighborhoods of Washington DC and has built over 28 developments in the city since 1993. PN Hoffman is the developer selected to redesign Washingon's Southwest Waterfront.
Douglas Development Corporation is one of the largest private property owners in the Washington, DC region and offers a fully integrated real estate company featuring a portfolio of commercial office, retail and residential mixed-used properties. The company has completed more than 180 successful redevelopment projects and is a leading force in the revitalization of the District of Columbia. Founded in 1985, the company has a passion to preserve and redevelop historic buildings including iconic properties like the Woodward & Lothrop flagship building and Chinatown’s historic row across from the Capital One Arena. Current projects under development include The Coliseum, Wonderbread Factory, Hecht Warehouse District, Tenley View, 655 K St NW and many more.
Clark Construction is a fully integrated national real estate company offering a broad base of services including capital markets, development, construction, property management, and investment management. Consistently ranked as one of the top multifamily builders in the nation, Clark is one of the nation's premier builders of luxury apartments, military family housing, and mixed-use communities. Since its founding in 1992, the company boasts an extensive portfolio of nationally acclaimed, award-winning communities on both coasts. Local projects include City Center DC, Arena Stage, City Market at O, US Coastguard Headquarters, INOVA Women’s Hospital & Children’s Hospital, Walter Reed Military Medical Center, The National Museum of African American History & Culture, and many more.
Lerner Enterprises is involved in all phases of commercial, residential, retail, hotel and mixed-use real estate including planning, development, construction, leasing, asset and property management. Lerner´s retail portfolio includes such notable assets as Dulles Town Center, Fallsgrove Village Center, Dulles 28 Centre, Annapolis Harbour Center, North Point Village Center and The Spectrum at Reston Town Center. Lerner was also the original developer of Tysons Corner Center and Tysons Galleria in Tysons Corner, VA; and Wheaton Plaza in Wheaton, MD.
Headquartered in the Washington, DC area, The Bozzuto Group is a diversified residential real estate company that provides a broad range of real estate services throughout the Mid-Atlantic and Northeast. For more than 25 years, the company has developed, acquired and built more than 35,000 homes and apartments and currently manages nearly 40,000 apartment units spread along the Northeast. Among the most popular Washington DC buildings are the Newseum Residences, Capitol Yards, City Market at O Street, Flats 130 at Constitution Square, The Ellington and many more.
Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high-quality retail properties. Federal Realty's portfolio contains approximately 20 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Local properties include Bethesda Row, Congressional Plaza, Federal Plaza, Gaithersburg Square, Rockville Town Square, Pike & Rose, Leesburg Plaza, Mount Vernon Plaza, Pentagon Row, Village at Shirlington and more.
Headquartered in Chevy Chase, Maryland, The JBG Companies is a private real estate development firm that develops, owns and manages office, residential, hotel, and retail properties. The company has more than $10 billion in assets under management and development in the Washington, DC area. Among its many properties, some of the best known include Marriott Wardman Park, Westin Arlington Gateway, Fort Totten Square, Tysons West, The Shay and Rosslyn Gateway.
EDENS develops, owns and operates community building centers in primary markets throughout the East Coast. Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the company has built an institutional-quality portfolio of 111 retail centers. Washington DC area properties include Union Market, City Vista, Burtonsville Crossing, Germantown Commons, Arundel Village, Mosaic District, Fairfax Plaza, Chain Bridge Corner, and many more.
With more than 75 years of experience, The Bernstein Companies is one of the oldest real estate development, investment and management firms in the Washington DC area. Their existing portfolio includes approximately 3 million square feet in the Mid-Atlantic region with an emphasis on Washington, DC and Annapolis, Maryland. Their hotel collection includes internationally recognized hospitality brands such as Courtyard by Marriott, SpringHill Suites by Marriott, Execustay by Marriott, Best Western, and Golden Tulip. Other projects include 1990 K St NW, Ballston Tower, Annapolis Commerce Park, Bethesda Center and more.
For 30 years, Rappaport has provided retail leasing, tenant representation, property management, construction management, development, marketing, consulting and receivership services for retail space in shopping centers and mixed-use properties throughout Washington, D.C., Maryland and Virginia. Headquartered in McLean, VA, Rappaport’s portfolio includes retail space in urban and suburban locations owned by affiliates of Rappaport and by many local and institutional clients.
With a portfolio of more than 80 properties, Quadrangle is a leading vertically-integrated commercial real estate firm in Washington DC metropolitan region. The company develops, acquires, and operates best-in-class commercial and residential properties in Washington, DC, Maryland, and Virginia. Some of its best know properties include National Place, National Press Building, Carnegie Endowment for International Peace, Grand Hyatt, Bethesda Marriott and Marriott Marquis Washington DC.
Since 1931, The B.F. Saul Company has been engaged in the acquisition, renovation, construction, and management of residential property in the Washington Metropolitan Area. The company also owns and manages a portfolio of office buildings, office parks, shopping centers and apartments. Some of its flagship properties include Tysons Park Place II (USGBC LEED Gold Certified), Tysons Courtyard by Marriott, Hampton Inn & Suites at Dulles Airport and SpringHill Suites at Dulles Airport.
Akridge is a real estate services company that provides acquisition, development, asset and property management, leasing and consulting services. Since 1974, the company’s projects have encompassed more than 12 million square feet of space in the Washington DC area. Notable projects include the 1 million square foot Gallery Place, the internationally recognized Homer Building, and a 3 million square foot Burnham Place air rights development project at Union Station.
The Cordish Companies is one of the largest real estate developers in the world with extensive expertise in entertainment and mixed-use developments, sports anchored developments, shopping centers, corporate office and residential/student housing. Many of the company’s real estate developments involve public/private partnerships and are of unique significance to the cities in which they are located. Local properties include Maryland Casino Live!, Power Plant & Pier IV (Baltimore), and Tanger Outlets Ocean City.
Level 2 Development is a Washington, DC-based real estate firm specializing in the development of luxury residential and mixed-use projects. Since its founding in 2005, the company has led the development of more than 750 residential units, representing transaction volume in excess of $230 million. Completed Washington DC buildings include Capitol View on 14th, View 14, the Clift, Mercury at Meridian Hill Park and more.