New City

What New City does

New City Construction, LLC (operating as NewCity) is a privately held real estate development and general contracting firm founded in 2005 in Baltimore, Maryland, with current operations focused on the Washington DC metropolitan area. The company guides property owners, investors, and family offices through the full lifecycle of real estate transformation projects spanning multifamily, retail, hospitality, and mixed-use asset classes. Client segments include private investors, family offices (e.g., Resolution Capitol Management), public housing authorities (e.g., Howard County Housing), and small developers seeking turnkey development representation.

The company's service portfolio is anchored by its proprietary DevElements Framework, a structured methodology that maps six essential project elements (Developer, Property, Capital, Transformation Team, Value Realization Team, and Project Strategy) across four phases (Strategy, Assembly, Transformation, and Value Realization). NewCity delivers this methodology through three integrated service lines: full-service real estate development guidance, commercial general contracting for 5,000-30,000 SF multifamily and mixed-use projects, and real estate consulting. Documented project outcomes include a net-zero condo conversion delivering over $4M in final outsale value from under $100K initial client investment, a 14-unit luxury condo project with outsale value exceeding $7M, and a 24-unit public housing rehabilitation completed in 115 days.

NewCity generates revenue through professional services fees (consulting, development management, general contracting) tailored to individual project scope. Go-to-market is relationship-driven, relying on direct outreach, a 'Schedule a Call' consultation model, project galleries and case studies for credibility, and a partner referral network comprising realtors, lenders, architects, attorneys, commercial brokers, property managers, and financial advisors. Pricing is not publicly disclosed; all engagements are scoped and quoted individually. The firm operates from a Silver Spring, Maryland mailing address, employs 1-10 people per firmographic data, and has been entirely self-funded with no disclosed external funding rounds or institutional ownership.

Name

New City

Legal name

New City Construction, LLC

Website

https://newcitycompanies.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

New City is a Washington DC-area real estate development and general contracting firm guiding property owners and investors through multifamily, mixed-use, retail, and hospitality projects using its proprietary DevElements Framework methodology, serving family offices, private developers, and housing authorities.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Residential Remodelers (236118), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531)

akta.pro primary industry

Renovation, Remodeling & Tenant Improvements (General Contracting) (IMAFAAAE)

akta.pro secondary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Real estate development
• Property transformation services
• Construction management
• Real estate consulting
• Turnkey development

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Real Estate Consulting Services: NewCity provides consulting services to property owners and investors, including project evaluation, development management, and construction management. They evaluate real estate development options, manage transformation processes, and provide efficient construction management.
2. General Contracting Services: NewCity operates as a full-service commercial general contractor in Washington, DC and suburbs, providing renovation, addition, and new construction project delivery with results-guaranteed approach.
3. Turnkey Development: For investors wanting a 'hands-off' approach, NewCity can work as the investor's representative on most development matters, managing full project teams including architecture, engineering, finance, legal, construction, marketing and sales. NewCity also develops its own in-house projects for private investors.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

New City is a real estate development and construction company that guides investors and property owners through the full lifecycle of real estate transformation. The firm offers integrated services including real estate development advisory, commercial general contracting (5,000-30,000 SF multifamily and mixed-use projects), real estate consulting, and turnkey development representation, all structured around the proprietary DevElements Framework methodology.

Product overview

New City is a real estate development and transformation company offering a unified service portfolio centered on its proprietary DevElements Framework. The core offering comprises full-service real estate development guidance supplemented by three integrated service modules: DC General Contracting for construction execution; Real Estate Consulting for advisory and planning; and Turnkey Development for complete project representation. All services leverage the DevElements Framework methodology, which structures projects around six key elements (Developer, Property, Capital, Transformation Team, Value Realization Team, Project Strategy) and four phases (Strategy, Assembly, Transformation, Value Realization). The company specializes in multifamily, mixed-use, retail, and hospitality projects in the Washington DC metropolitan area, with projects ranging from 5,000 to 30,000 square feet.

Differentiator

Problem solved

Functional benefit

Brands

• DevElements: A systematic project management framework created by NewCity to identify all elements a project needs to run smoothly and illustrates how these elements interact. The framework includes six elements: Developer, Property, Capital, Transformation Team, Value Realization Team, and Project Strategy.
• Real Estate Alchemy

Products and services

• Real Estate Development Services Full-service real estate development guidance for investors and property owners covering the complete lifecycle from project review through value realization, structured around the DevElements Framework methodology. Serves investors, property owners, family offices, and developers seeking end-to-end development partnership.
• DC General Contracting
• Real Estate Consulting
• Turnkey Development
• Condo Conversions

Quantifiable outcome

• $4+ million final outsale value from <$100K initial investment (Euclid project)
• +6 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• RealtorscoreChannel Partner/ Reseller/ DistributorRealtors who work with NewCity to better serve their clients in real estate development and property transformation projects. Refer clients seeking development expertise or purchase properties developed by NewCity.
• LenderscoreChannel Partner/ Reseller/ DistributorLenders providing financing solutions for NewCity development projects. Collaborate on project financing and capital arrangement for property transformations.
• Property ManagersminorChannel Partner/ Reseller/ DistributorProperty managers who maintain NewCity-developed properties after transformation, ensuring ongoing property operations and tenant management.
• ArchitectscoreImplementation/ SI/ Consulting PartnerLicensed architectural professionals who design NewCity transformation projects. Work with NewCity during design phases to propose cost-effective construction approaches.
• Commercial BrokersminorChannel Partner/ Reseller/ DistributorCommercial real estate brokers who facilitate property acquisitions, sales, and leasing for NewCity development projects.
• AttorneyscoreImplementation/ SI/ Consulting PartnerLegal professionals handling entitlement, permitting, zoning matters, and project legalities. Assist with navigating historic review boards and zoning board approvals.
• Financial AdvisorsminorChannel Partner/ Reseller/ DistributorFinancial advisors who refer clients seeking real estate investment opportunities or development services. May coordinate with NewCity on investment strategy.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• DAVIS Construction: Rockville, MD-based general contractor active across the DC metro on multifamily, mixed-use, commercial renovation, and addition projects. Directly comparable to NewCity's DC GC service line on scope, geography, and project size band.
• Bozzuto Group: Bethesda-based multifamily developer, builder, and property manager operating heavily in the DC and Mid-Atlantic metros. Comparable because it integrates development, construction, and ongoing operations across multifamily and mixed-use projects in the same geographies as NewCity.
• EYA Development: Washington DC-area residential urban-infill developer and homebuilder focused on walkable, mixed-use neighborhoods. Comparable product/market overlap: residential and mixed-use development in DC metro, often through public-private partnerships and entitlements.
• City Homes: Washington DC residential builder and developer specializing in urban infill, single-family-to-multifamily conversions, and high-end custom homes. Overlaps directly with NewCity's condo-conversion, addition/renovation, and DC-metro residential development focus.
• Roadside Development: DC-based mixed-use and multifamily developer delivering urban redevelopment projects in the region. Comparable on mixed-use/multi-family product type, DC geography, and integrated developer + GC model.
• WC Smith: Washington DC residential and mixed-use real estate developer and property manager. Comparable on the developer-plus-property-operator role and the DC-metro geographic focus, though larger and more vertically integrated.

Broad incumbents

• Donohoe Construction Company: Bethesda-headquartered general contractor serving the DC metro across commercial, multifamily, institutional, and public-sector projects. Comparable as a much larger general contractor delivering many of the same project types — but at substantially greater scale and with broader scope.
• Clark Construction Group: Bethesda-based, large-scale general contractor and construction manager operating across the Mid-Atlantic and nationally. Comparable on DC-metro GC services for multifamily, mixed-use, and public/institutional buildings, but at a vastly larger size and broader geographic reach.
• Whiting-Turner Contracting: Baltimore-headquartered national general contractor with deep Mid-Atlantic/DC presence across multifamily, commercial, and institutional construction. Comparable on region and project types, but with materially larger scale, bonding capacity, and project sizes than NewCity.
• Lowe Enterprises: DC-area real estate investment and development firm operating across mixed-use, multifamily, hospitality, and office. Comparable on real estate development advisory and mixed-use delivery in DC, but operating as a much larger, more institutional investor-developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/newcityco
• Facebookfacebook.com/new-city-construction-156623764370634
• LinkedInlinkedin.com/company/new-city

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New City