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The Top 5 Best Real Estate Developers

Posted on Dec 14, 2016

Our nation’s capital is a hotbed of activity and is constantly changing and after the recent election and transition we can expect to see more changes and not just in faces but also in the landscape. Washington D.C has some of the best prominent real estate developers in the country and we would like to highlight some of the best and their current projects.

Remember that we will be talking about surrounding areas also such as Virginia, Maryland, Delaware and other places. Real estate development often includes a mix of government business buildings, retail and residential to create up-scale mixed use properties to improve the work life balance in today’s busy world. Many power players like Frank Haney depend on these newer projects to provide their needs for a hectic lifestyle and professional success and convenience.

Peterson Companies In business since 1965 and recipient of more than 70 awards for design excellence, marketing and preservation they always have a new project working. Some of their notable projects include the National Harbor, Virginia Gateway and Tysons McLean Office Park. The MGM National Harbor Resort and Casino is working to be the prime casino destination on the Eastern Seaboard and will feature fine dining by Celebrity Chefs Jose Andre, Marcus Samuelsson and the Voltaggio Brothers.

PN Hoffman Their motto is ‘Innovating Life’ and they have been doing that since 1993 with a variety of mixed use (live, work & retail) projects such as Waterfront Station, The Darcy, The Wharf and Union Row – The Flats. Their goal is to transform neighborhoods by understanding what people want and need and Chef Bobby Flay recently stopped by the K Street Burger Palace when he was in town.

Douglas Development Corporation Douglas has completed over 200 projects since 1985 that have revitalized the neighborhoods and maintained their history and individuality. Douglas is always looking for new acquisitions. For example, look at their imagination at work with the Wonder Bread Factory, Woodies Building and The Coliseum. Northeast DC’s Love Nightclub has closed down. After years of investors being able to take a rundown warehouse and convert it to a state of the art night spot, now the rents are escalating says Skip Colburn, President of the D. C. Nightlife Association says the age of mega-nightclubs may be over.

Clark Construction Group Clark’s reach extends across the nation and since 1992 has been recognized as one of the top builders of multifamily properties such as military housing, mixed use properties and luxury apartments. Of note are their military projects such as San Antonio Military Hospital, US Coast Guard Headquarters in Wash. D. C., or USCENTCOM Headquarters at MacDill AFB. And don’t forget the opening of the National Museum of African American History and Culture celebrated with President Barack Obama in Sept. 2016.

Lerner Enterprises In their six decades since 1952, Lerner has made its mark in Washington D.C. More than just real estate development their holdings include professional sports franchises and private equity investments. Did you know that Lerner is noted for hosting celebrity golf tournaments in support of the Loudoun County Special Olympics and received support from former Redskins Pat Fischer and Ron McDole as well as Murphy and Cash from Big 100 FM. For a sample of their recent projects take a look at Dulles Town Center, Tysons Galleria and Annapolis Harbor Center to name a few.

This recap serves as an introduction to the best developers in the Washington D.C. Area and there are many more staking their claim all the time. It is a current, vibrant and vital market and is keeping up with the times and changes that today’s busy professionals are looking for to have a satisfying work/life balance.