Douglas Development
Douglas Development is a private real estate developer founded in 1973 that converts mixed-use properties into luxury townhouses and condominiums in historic Washington DC districts and Buffalo, NY, serving high-net-worth residential buyers.
- Company typePrivate
- Founded1973
- HeadquartersAynor, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Douglas Development does
Douglas Development is a private U.S. real estate development company founded in 1973 by David DuVall Douglas, who serves as CEO. The firm is headquartered in Aynor and operates in the Washington DC metropolitan area and Buffalo, NY. Its core business is acquiring and repositioning mixed-use and underutilized properties into luxury residential assets, specifically townhouses and penthouse condominiums in high-value, regulated locations such as Georgetown's historic district.
The company's product surface is property-led rather than technology-led: there are no software platforms, APIs, AI features, or digital services in the offering. Notable projects include a proposal to convert 2715 M Street NW in Georgetown into six townhouses and two penthouse condominiums subject to Old Georgetown Board review, and a 2021 deal to build a new headquarters for the SEC that was later terminated by the GSA and subsequently settled. The firm is also actively challenging Buffalo property assessments to reduce a $52 million assessed-value basis, indicating both portfolio management and tax-optimization activity in that market.
Revenue is generated by developing and selling or leasing luxury residential units to high-net-worth end-buyers, with episodic institutional counterparty exposure (e.g., GSA/SEC). The go-to-market is direct-to-buyer in DC and Buffalo. No pricing, customer-segment, or revenue disclosures are available in the input, and the firm has 11-50 employees, consistent with a boutique developer.
Douglas Development firmographics
Firmographics- Name
- Douglas Development
- Website
- https://douglasdevelopers.com
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Douglas Development is a private real estate developer founded in 1973 that converts mixed-use properties into luxury townhouses and condominiums in historic Washington DC districts and Buffalo, NY, serving high-net-worth residential buyers.
- Ownership category
- akta.pro rank
Douglas Development industry classification
Industry- Product category
- Luxury Residential Real Estate Development
- NAICS
- Land Subdivision (23721), Residential Building Construction (2361), Commercial and Institutional Building Construction (236220)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industries
- Urban Planning & Master Planning (BPAHAKAD), Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI), Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)
Keywords
Where Douglas Development is headquartered
LocationHeadquarters
- HQ city
- Aynor
- HQ country
- United States
- HQ region
- North America
Markets served
Douglas Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Others
Douglas Development product offering
Product offeringCore offering
Douglas Development is a real estate development and construction firm that acquires, develops, and converts properties—primarily in historic urban districts such as Georgetown in Washington DC—into luxury residential townhouses, penthouse condominiums, and mixed-use assets. The firm also pursues select institutional and government build-to-suit projects and engages in property tax assessment challenges to optimize asset economics.
Product overview
Douglas Development is a real estate development company specializing in property development, construction, and real estate investment in the Washington DC metropolitan area. The company focuses on residential and mixed-use development projects, including luxury townhouses, condominiums, and commercial properties. No technology products, software platforms, or digital services are offered based on available source data.
Differentiator
Problem solved
Functional benefit
Products and services
- Luxury Townhouse and Penthouse Condominium Development Conversion and new construction of luxury residential townhouses and penthouse condominiums targeted at high-net-worth buyers in historic urban districts such as Georgetown in Washington DC.
- Mixed-Use Building Adaptive Reuse Development Acquisition and redevelopment of mixed-use and commercial properties into luxury residential and integrated mixed-use assets, addressing urban blight in high-value historic neighborhoods.
- Institutional and Federal Build-to-Suit Development Large-scale build-to-suit construction and development of headquarters and institutional facilities for federal and institutional clients, including the proposed SEC headquarters project.
Companies that use Douglas Development
Customer profileIdeal customer profiles2 records
Douglas Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Douglas Development partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights3 records
Douglas Development competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat3 records
Key highlights6 records
Customer concentration
Douglas Development social profiles
Digital presenceDouglas Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Douglas Development leadership team
Management profileNumber of profiles
Profiles1 record
Douglas Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Douglas Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Douglas Development
What does Douglas Development do?
Douglas Development is a real estate development and construction firm that acquires, develops, and converts properties—primarily in historic urban districts such as Georgetown in Washington DC—into luxury residential townhouses, penthouse condominiums, and mixed-use assets. The firm also pursues select institutional and government build-to-suit projects and engages in property tax assessment challenges to optimize asset economics.
Is Douglas Development a public or private company?
Douglas Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Douglas Development founded?
Douglas Development was founded in 1973. It employs 11 to 50 people.
Where is Douglas Development based?
Douglas Development is headquartered in Aynor, United States, in the North America region.
Does Douglas Development have an API?
No public API is recorded for Douglas Development.
What industry is Douglas Development in?
Douglas Development's product category is Luxury Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAHAKAD, Urban Planning & Master Planning. Its NAICS code is 23721 and its SIC code is 6552.