Petra Development

Petra Development is a national real estate development company with more than $2 billion in total development value. The firm has been featured in Washingtonian, Washington Business Journal, UrbanTurf, Dallas Business Journal, The Real Deal, CT Insider, Woodworking Network, and DC Patch for its development activity, sustainability focus, and execution-oriented approach.

Founded in 2011 and headquartered in Washington, DC, with operations in Dallas, Texas, Petra Development specializes in luxury residential, mixed-use, and affordable housing projects. The firm has developed and overseen approximately 3,250 residential units, more than 5 million square feet, and approximately 650 hotel keys across hospitality, multifamily, office, retail, and industrial asset classes.
Petra Development’s portfolio experience includes historic residential renovations and adaptive reuse projects in Washington, DC neighborhoods such as Georgetown, Kalorama, and Capitol Hill; large-scale transit-oriented residential development in Prince George’s County, Maryland; and high-performance mixed-use development in Texas. The firm is also focused on ultra-luxury waterfront residential development opportunities in Miami, Florida, reflecting a strategic emphasis on architecturally driven, high-design coastal residential projects.

Through Blueprint Robotics, Petra Development has evaluated and advanced the planning of a proposed 450,000 square foot mass timber and industrialized construction facility in Windsor, Connecticut. Conceptual design and internal project modeling explored mass timber systems and robotics-enabled wood-frame construction methodologies, with analyses indicating the potential for material efficiency, quality control improvements, and production capacity gains of up to approximately 250% relative to conventional construction methods, subject to final design and execution.