A&R Development Corp
A&R Development Corp is a Baltimore-based, privately held real estate development and investment firm founded in 1977 that develops commercial, residential, and mixed-use projects in the Baltimore and Washington D.C. metro areas, serving municipalities, institutional investors, and end-user residents and tenants.
- Company typePrivate
- Founded1977
- HeadquartersBaltimore, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What A&R Development Corp does
A&R Development Corp is a Baltimore-based, privately held real estate development and investment firm founded in 1977 by Theo C. Rodgers. The company develops commercial, residential, and mixed-use real estate projects in large U.S. cities — primarily across the Baltimore and Washington D.C. metropolitan areas — and serves municipalities, institutional investors, and end users (residents and commercial tenants). A&R operates as a developer, owner, and investor, generating revenue through property sales, leasing, long-term ownership interests, and equity participation in real estate funds, supplemented by management and profit-sharing arrangements with co-development partners.
A&R's portfolio comprises more than 50 major projects representing approximately $900M–$1B in cumulative construction value, 7,800+ housing units, and 500,000+ square feet of commercial space. Notable assets include the Horseshoe Casino ($442 million gaming venue in Baltimore), Lockwood Place ($130 million mixed-use retail and parking in Baltimore with co-developers Parkway Corporation and David S. Brown Enterprises), Rhode Island Row ($99 million, 271-unit mixed-use near a D.C. Metro station with Urban Atlantic), Canton Square (133 luxury townhomes in Baltimore), Capitol Gateway Redevelopment (30-acre mixed-use in Washington D.C.), and The Redwood (151 luxury apartments adjacent to the University of Maryland Baltimore). Development spans asset classes from affordable to luxury and includes gaming, retail, parking, senior housing, and for-sale townhomes.
The firm is family-controlled, co-owned by founder Theo C. Rodgers (Chairman and CEO) and Marjorie Rodgers Cheshire (Principal and former President/COO), with Joshua Riddell as CFO. A&R maintains a small employee base of 11–50 and pursues a co-development, partnership-driven GTM model targeting municipalities through competitive bidding and institutional investors through fund participation. The company has no disclosed institutional capital, parent company, or external ownership arrangements and emphasizes social responsibility through the William L. and Victorine Q. Adams Foundation and contributions to Baltimore-area educational institutions.
A&R Development Corp firmographics
Firmographics- Name
- A&R Development Corp
- Legal name
- A&R Development Corp
- Website
- https://ar-development.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- A&R Development Corp is a Baltimore-based, privately held real estate development and investment firm founded in 1977 that develops commercial, residential, and mixed-use projects in the Baltimore and Washington D.C. metro areas, serving municipalities, institutional investors, and end-user residents and tenants.
- Ownership category
- akta.pro rank
A&R Development Corp industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Land Subdivision (23721), Land Subdivision (2372), Land Subdivision (237210)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where A&R Development Corp is headquartered
LocationHeadquarters
- HQ city
- Baltimore
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
A&R Development Corp business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Real Estate Development: Developing commercial and residential real estate projects from inception through completion. Revenue is generated through property sales, leasing, and long-term ownership interests in developed assets.
- Real Estate Investment: Acting as investment partners in commercial, residential, and mixed-use projects and in real estate funds. Generates returns through equity participation, management fees, and profit sharing arrangements.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
A&R Development Corp product offering
Product offeringCore offering
A&R Development Corp is a real estate development and investment firm that develops, owns, and invests in commercial, residential, and mixed-use real estate projects in large U.S. cities, primarily in the Baltimore and Washington D.C. metropolitan areas. The firm acts as developer, equity investor, and co-development partner, executing projects from inception through completion, generating revenue through property sales, leasing, and long-term ownership interests.
Product overview
A&R Development Corp is a real estate development and investment firm founded in 1977 that develops commercial and residential real estate projects across large U.S. cities. The company operates as a portfolio of individual development projects spanning luxury residential, mixed-use, commercial, and entertainment properties. Their portfolio includes Canton Square (luxury townhomes in Baltimore), Lockwood Place (retail and parking), Horseshoe Casino (gaming and entertainment venue), Capitol Gateway Redevelopment (mixed-use in Washington DC), The Redwood (luxury rental apartments), and Rhode Island Row (luxury apartments and retail). The company has developed over 50 major projects with a construction value of approximately $1 billion, creating more than 7,800 housing units and 500,000+ square feet of commercial space.
Differentiator
Problem solved
Functional benefit
Products and services
- Canton Square A luxury townhome community in Baltimore, MD developed by A&R Development, featuring 133 homes with innovative architectural design including swiveled end units to maximize residents' views.
- Lockwood Place A $130 million mixed-use project in Baltimore featuring 98,000 square feet of retail space, a 940-space parking garage, and an adjacent 275,000 square foot office tower, co-developed with Parkway Corporation and David S. Brown Enterprises.
- Horseshoe Casino A $442 million urban gaming and entertainment venue in Baltimore featuring a 122,000-square-foot gaming floor and a 20,000-square-foot marketplace with food outlets, restaurants, and bars.
- Capitol Gateway Redevelopment A 30-acre mixed-use development in Washington DC including 142 for-sale homes, 86 rental townhomes and apartments, a 151-unit senior building, and a 12-acre mixed-use town center.
- The Redwood A luxury rental building in Baltimore adjacent to University of Maryland Baltimore, featuring 151 apartment homes designed for working professionals and graduate students, with an 8-story parking garage.
- Rhode Island Row A $99 million mixed-use development in Washington D.C. featuring two four-story apartment buildings with 271 units, 70,000 square feet of retail, and a 651-space parking garage, located adjacent to a Metro station, co-developed with Urban Atlantic.
- Real Estate Investment Partnerships Acting as investment partners in commercial, residential, and mixed-use projects and in real estate funds. Generates returns through equity participation, management fees, and profit sharing arrangements with institutional and individual investors.
Quantifiable outcome
- 50+ major projects developed
- +3 more outcomes
Companies that use A&R Development Corp
Customer profileSegments3 records
Ideal customer profiles3 records
A&R Development Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
A&R Development Corp partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Parkway CorporationcoreCo-development partner on the Lockwood Place project in Baltimore. Parkway Corporation partnered with A&R Development to transform an undervalued surface parking lot into a multi-story retail and structured parking garage.
- David S. Brown EnterprisescoreCo-development partner on the Lockwood Place project in Baltimore. David S. Brown Enterprises collaborated with A&R Development on this $130 million mixed-use development.
- Urban AtlanticcoreDevelopment partner on the Rhode Island Row project in Washington, D.C. Urban Atlantic partnered with A&R Development to create this $99 million luxury apartment and retail community adjacent to a Metro station.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
A&R Development Corp competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
A&R Development Corp social profiles
Digital presenceA&R Development Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
A&R Development Corp leadership team
Management profileNumber of profiles
Profiles3 records
A&R Development Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
A&R Development Corp 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 A&R Development Corp
What does A&R Development Corp do?
A&R Development Corp is a real estate development and investment firm that develops, owns, and invests in commercial, residential, and mixed-use real estate projects in large U.S. cities, primarily in the Baltimore and Washington D.C. metropolitan areas. The firm acts as developer, equity investor, and co-development partner, executing projects from inception through completion, generating revenue through property sales, leasing, and long-term ownership interests.
Is A&R Development Corp a public or private company?
A&R Development Corp is a private company. It is classified as family owned and is currently operating.
When was A&R Development Corp founded?
A&R Development Corp was founded in 1977. It employs 11 to 50 people.
Where is A&R Development Corp based?
A&R Development Corp is headquartered in Baltimore, United States, in the North America region.
How does A&R Development Corp make money?
Two revenue lines are on record. Real Estate Development is the primary driver. The others are real Estate Investment.
Does A&R Development Corp have an API?
No public API is recorded for A&R Development Corp.
What industry is A&R Development Corp in?
A&R Development Corp's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 23721 and its SIC code is 6552.