Last Updated on February 12, 2026 by Social Career Builder
Petra Development is a national real estate development firm focused on disciplined execution, regulatory expertise, and long-term value creation across residential, hospitality, and mixed-use asset classes.
Company Overview
Petra Development is a real estate development company founded in 2011 and headquartered in Washington, DC, with additional operations in Dallas, Texas. The firm has developed and overseen projects representing more than $2 billion in total development value, encompassing approximately 3,250 residential units, 5+ million gross square feet, and approximately 650 hotel keys across hospitality, multifamily, office, retail, and industrial sectors.
Petra Development specializes in complex urban development environments requiring sophisticated zoning, entitlement, and regulatory navigation, while maintaining disciplined capital allocation and a focus on durable, high-performance built environments.
Real Estate Portfolio & Development Experience
Petra Development’s portfolio spans historic residential renovations and adaptive reuse projects in Washington, DC neighborhoods including Georgetown, Kalorama, and Capitol Hill, as well as large-scale transit-oriented residential development in Prince George’s County, Maryland.
The firm has also advanced high-performance building initiatives in Texas and is actively focused on ultra-luxury waterfront residential opportunities in Miami, Florida, reflecting a strategic emphasis on architecturally driven, design-forward coastal development.
Across asset classes, Petra Development integrates long-term asset performance, sustainability considerations, and community impact into each phase of planning and execution.
Innovation & Sustainable Construction
Through Blueprint Robotics, Petra Development has evaluated and advanced planning for a proposed 450,000-square-foot mass timber and industrialized construction facility in Windsor, Connecticut. Conceptual design and internal modeling explored robotics-enabled construction methodologies and advanced mass timber systems.
Preliminary analyses indicated the potential for material efficiency gains, enhanced quality control, and production capacity increases of up to approximately 250% compared to conventional construction approaches, subject to final design and execution. This initiative reflects the company’s broader commitment to innovation, sustainability, and next-generation building technologies.
Core Values & Specializations
Petra Development operates under the core values of Innovation, Quality, and Sustainability, guiding its disciplined development strategy and long-term investment philosophy.
Specialties include:
- Luxury Residential Development
- Mixed-Use Development
- Affordable & Workforce Housing
- Transit-Oriented Development
- Sustainable Building Technologies
- Mass Timber Construction
- Historic Renovation & Adaptive Reuse
- High-Performance & Energy-Efficient Design
- Industrialized Construction
