Petra Development is a national real estate development firm recognized for disciplined execution, regulatory expertise and sustainable, high-performance building strategies.
Since its founding in 2011, Petra Development has focused on creating durable, design-driven built environments that support long-term asset performance and meaningful community outcomes. Headquartered in Washington, DC, with operations extending to Dallas, Texas and additional development activity across multiple U.S. markets, the firm has developed and overseen projects representing more than $2 billion in total development value, including approximately 3,250 residential units, more than 5 million gross square feet, and approximately 650 hotel keys.
Operating in complex urban settings, Petra Development brings deep experience navigating sophisticated zoning, entitlement and regulatory frameworks. This disciplined, detail-oriented approach allows the company to deliver projects that balance architectural quality, operational performance and long-term sustainability.
Portfolio & Development Experience
Petra Development’s portfolio reflects a broad range of residential, hospitality and mixed-use development expertise. The firm’s work includes historic residential renovations and adaptive reuse projects across prominent Washington, DC neighborhoods such as Georgetown, Kalorama and Capitol Hill, alongside large-scale transit-oriented residential development in Prince George’s County, Maryland and high-performance building initiatives in Texas.
The company is also strategically focused on ultra-luxury waterfront residential opportunities in Miami, Florida, emphasizing architecturally distinctive, design-forward coastal development aligned with evolving lifestyle and sustainability expectations.
Across each market, Petra Development integrates lifecycle durability, operational efficiency and community impact into planning, design and execution.
Innovation, Sustainability & Construction Technology
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 modeling explored robotics-enabled construction systems and advanced mass timber methodologies designed to improve efficiency, precision and scalability.
Preliminary analyses indicated the potential for enhanced material efficiency, improved quality control and production capacity increases of up to approximately 250% compared to conventional construction approaches, subject to final design and execution.
More broadly, Petra Development approaches sustainability as a measurable performance standard — integrating energy efficiency, lifecycle cost analysis and high-quality building systems into its development strategy. Where appropriate, projects pursue leading certifications such as Energy Star, WELL Certification, Passive House, WiredScore and RESET Air Quality Standard.
Core Values & Services Offered
Petra Development operates under the guiding principles of Innovation, Quality and Sustainability, shaping a disciplined development philosophy centered on long-term value creation and resilient built environments.
Services include:
- Luxury Residential Development
- Mixed-Use Development
- Affordable & Workforce Housing Development
- Transit-Oriented Development
- Historic Renovation & Adaptive Reuse
- Sustainable & High-Performance Building Design
- Mass Timber Construction
- Energy-Efficient Building Strategies
- Industrialized Construction
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