Top DC developers
What DC developers are running the game right now? Still the traditional big heavies, or have some fallen off and other ones taking their place? Anyone have a ton of flow right now or some cool projects worth mentioning?
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To start - JBG
Depends on if you really want to be a developer or if you just want to work for one. JBG definitely still does the most volume but most of the top guys jumped ship and started their own little shops after they went REIT. Brookfield is really active in Navy Yard but kind of the same story - big corporate public company, you’re pretty much just a salary guy.
Hoffman if you want to be a condo guy. MRP has a loot of cool mixed-use projects in the pipe. Tishman is always active in the office game but has done some apartment deals recently. EYA if you’re interested in townhomes. Ditto/Abdo do some cool boutique deals and adaptive re-use. Douglas lives and breaths DC but it’s a family company so no clue if you’re ever getting a piece. A lot of guys were truly office focused so it will be tough couple years for them.
EDENS and Level 2 have been pretty active in the Union Market District. I also think Carr Properties is a pretty strong developer with their development of Midtown Center, Signal House, and The Wilson.
I would say the big office developers will probably slide a little because of weak office market. So this would probably apply to BXP, Brookfield, Hines, and Tishman.
OP here - thank you both for the insight. Seems like a really robust development market. How do you view the future of development in DC? Do you think given how much development has occurred in the past 10 years, volume will start to slow as sites run low? I know this has happened in high density cities like NYC and elsewhere
Office: JBG; Carr; Brookfield; Tishman Speyer; Douglas Dev; MRP; Monument; BP; Hines
Multi: JBG; MRP; Hoffman; Ditto Residential; Edens; Level 2; Bernstein; Insight Property Group; Jair Lynch
Thanks! If you could pick 1-2 from both the multi and office developers to work for, who would it be?
I have worked with Douglas a lot as a lender. They are great. They dabble in multi and hotel in addition to office.
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