What Banyan Development does

Banyan Development is a privately held real estate development and investment firm headquartered in Boca Raton, Florida, focused primarily on the Florida marketplace with selective investments across the broader United States and the Bahamas. The company develops, owns, leases, and manages a diversified portfolio spanning retail, office, industrial, mixed-use, medical office, self-storage, and residential property types, with anchor tenants including Lowe's, Wawa, Aldi, Sprouts, Whole Foods, Fresh Market, Toys R Us, and Office Max. Its principals have collectively developed over 3.5 million square feet of real estate across four decades, with notable positioning inside large-scale Florida master-planned communities such as the 8,300-acre Tradition in Port St. Lucie.

The firm is led by three principals — Doug Feurring (Chairman), Jason Sher (CFA charterholder with 25+ years of value-add real estate investing), and Ross Feurring (Real Estate Broker with national retailer relationships) — supported by a Controller/Director of Property Management. Revenue is generated through a combination of development fees, property sales, retained ownership with active leasing, and asset management, with pricing negotiated individually on a B2B basis. Distribution is driven primarily by direct principal relationships, broker networks, and repeat business with national credit tenants rather than digital channels.

The business has no disclosed technology platform, software product, or AI capabilities; operations are relationship-driven and human-capital intensive. Recent activity includes a June 2026 divestiture of the 134,000-square-foot Lowe's building at Shoppes at Southern Grove in Port St. Lucie for $10.5 million to A. Duda & Sons, executed through a co-development partnership with PEBB Enterprises. The company maintains an operating footprint across Florida, Michigan, North Carolina, Texas, and the Bahamas, with 1-10 disclosed employees and no identified institutional or private equity backing.

Name

Banyan Development

Legal name

Banyan Development

Website

https://banyandev.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Banyan Development is a privately held Boca Raton-based real estate development and investment firm that develops, owns, and manages retail, office, industrial, mixed-use, medical office, and residential properties across Florida, with selective investments in North Carolina, Texas, Michigan, and the Bahamas, serving national anchor tenants and institutional buyers.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Real Estate (5311), Residential Property Managers (531311), Real Estate and Rental and Leasing (53)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate development
• Retail property development
• Real estate investment
• Mixed-use development
• Property management leasing

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Development of retail, office, industrial, and residential real estate projects. Principals have developed over 3.5 million square feet of real estate across various markets. Revenue generated through development fees, property sales, and retained ownership interests.
2. Property Management and Leasing: Management and leasing of investment properties including retail centers, office buildings, business parks, distribution centers, and mixed-use developments. Ongoing revenue from tenant leases and property management services.

Distribution channels2 records

Marketing channels3 records

Core offering

Banyan Development is a privately held real estate development and investment firm that develops retail, office, industrial, mixed-use, and residential properties, primarily anchored by national credit tenants, across high-growth Florida markets. The company acquires sites, builds and leases commercial assets (e.g., Lowe's-, Aldi-, Whole Foods-, and Sprouts-anchored centers), retains stabilized properties for ongoing rental income, and selectively divests assets to institutional buyers. Principals have collectively developed over 3.5 million square feet of real estate across Florida, Michigan, North Carolina, Texas, and the Bahamas over the last four decades.

Product overview

Banyan Development is a real estate development company offering a diversified portfolio of property types across Florida and select US markets. The company operates three main property categories: Developed Properties (retail, mixed-use, office, and industrial developments including Tradition National Credit Retail, Heart of Tradition Shoppes, West Delray Mixed Use, Boynton Beach Mixed Use, Lake Worth Retail, West Delray Retail, West Delray Medical Office, Plantation, Coral Springs, University Commons, Park Place, Mission Bay Plaza, Wellington Green Square, Wellington Green Commons, and 2200 Butts Road Office), Investment Properties (including Raw Nutrition HQ, Texas Hospital, Trinity at the Hill, Boca Lakes Center, University Research Park, Business Park Pompano, Business Park West Palm, Turnpike Distribution Center, and Bahamas Hotel), and Residential Properties (including The Muse, Echo Brickell, Echo Aventura, and Utah Residential). The company focuses on development in the Florida marketplace and strategic real estate investment throughout the US, with retail, office, industrial, and residential offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Tradition National Credit Retail 23-acre Lowe's/Wawa anchored retail project on a prime corner at Becker and Village in Port St. Lucie, one of the fastest-growing markets in the US.
• Heart of Tradition Shoppes 15-acre Aldi-anchored retail development within the Heart of Tradition community in Port St. Lucie, Florida.
• West Delray Mixed Use 10-acre mixed-use development in the West Delray market in Florida.
• Boynton Beach Mixed Use 16-acre mixed-use development including assisted living and a 68,000-square-foot retail center featuring Sprouts, Wawa and others at the NEC of Boynton Beach Blvd and Jog Road.
• Lake Worth Retail 12-acre Aldi-anchored retail development with strong access, visibility, and signage on the SWC of Lake Worth & Polo Rd in Florida.
• West Delray Retail 6-acre grocery-anchored retail center on the SEC of Atlantic Avenue and Lyons Road in West Delray Beach, Florida.
• West Delray Medical Office 5.2-acre development on the SWC of Atlantic Avenue and SR7, including a gas station and food market, plus an additional 26,000 square feet of medical office and retail.
• Plantation Single national credit tenant development on the corner of Broward Blvd and 441 in Plantation, Florida.
• Coral Springs Single national credit tenant development on the corner of Sample Rd and Rock Island Rd, Coral Springs, Florida, including the redevelopment of office buildings.
• University Commons Whole Foods-anchored lifestyle center in Boca Raton, Florida.
• Park Place Retail center developed by Banyan principals.
• Mission Bay Plaza Toys R Us / Office Max-anchored center in Boca Raton, Florida.
• Wellington Green Square Fresh Market-anchored center in Wellington, Florida.
• Wellington Green Commons Whole Foods-anchored center in Wellington, Florida.
• 2200 Butts Road Office Office building in Boca Raton, Florida, serving as Banyan Development's corporate headquarters at 2200 Butts Road, Suite 300.
• Raw Nutrition HQ Headquarters location leased to Raw Nutrition, held as a Banyan investment property.
• Texas Hospital Rural hospital in La Grange, Texas, southeast of Austin, held as a Banyan investment property.
• Trinity at the Hill 44-acre multifamily project consisting of 250 units in the Carrboro/Chapel Hill market of North Carolina, held as a Banyan investment property.
• Boca Lakes Center 10-acre mixed-use project on Glades Road and the Turnpike in Boca Raton, Florida, held as a Banyan investment property.
• University Research Park Office/research park in Boca Raton comprising 7 buildings and 308,000 square feet, held as a Banyan investment property.
• Business Park Pompano Business office property in Pompano Beach, Florida, held as a Banyan investment property.
• Business Park West Palm Business office property in West Palm Beach, Florida, held as a Banyan investment property.
• Turnpike Distribution Center Warehouse / distribution space in Pompano Beach, Florida, held as a Banyan investment property.
• Bahamas Hotel Boutique hotel and beach club in Exumas, Bahamas, held as a Banyan investment property.
• The Muse 68-unit residential development in Sunny Isles Beach, Florida.
• Echo Brickell 155-unit residential development in Downtown Miami (Brickell), Florida.
• Echo Aventura 190-unit residential development in Aventura, Florida.
• Utah Residential Land parcel in Utah designated for a private ski mountain residential development.

Quantifiable outcome

• Completed sale of 134,000-square-foot Lowe's building for $10.5 million

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• PEBB EnterprisescoreStrategic or Co-development Partner · 8 June 2026PEBB Enterprises and Banyan Development formed a partnership for real estate development, including the Shoppes at Southern Grove project. They jointly developed the 134,000-square-foot Lowe's building and continue to own the remainder of the development, having monetized a significant component while retaining value across the balance of the project.
• A. Duda & Sons Inc.minorChannel Partner/ Reseller/ DistributorA. Duda & Sons Inc. purchased the 134,000-square-foot Lowe's Home Improvement building at Shoppes at Southern Grove from the PEBB Enterprises and Banyan Development partnership for $10.5 million. The transaction closed June 8, 2026.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• PEBB Enterprises: Florida-based commercial real estate development and investment firm and Banyan's strategic co-development partner (Shoppes at Southern Grove, Lowe's building sale). Highly comparable in Florida retail/mixed-use focus, deal size, and principal-led operating model.
• Altman Companies: Privately held Florida-based real estate developer active in multifamily, mixed-use, and retail in South and Central Florida markets comparable to Banyan's footprint.
• RAM Realty Services: Florida-focused real estate investment and development firm with comparable retail and multifamily activity in high-growth Florida submarkets; similarly principal-driven and similarly sized deal profile.
• Stiles Corporation: Florida-based commercial real estate developer, investor, and property manager active across office, retail, industrial, and mixed-use in South Florida markets directly overlapping with Banyan's footprint.
• Terranova Corporation: South Florida-focused retail and mixed-use real estate firm with a long operating history in leasing, asset management, and tenant relationships in the same Miami/Boca/Delray corridor where Banyan operates.

Broad incumbents

• The Related Group: Largest Florida residential and mixed-use developer. Operates in the same Florida markets with overlapping residential assets (Echo Brickell, Echo Aventura) where Banyan also has exposure, but at materially larger scale and broader scope.
• Federal Realty Investment Trust: Public retail and mixed-use REIT with open-air shopping center and mixed-use development activity. Comparable end-product (grocery-anchored and mixed-use retail) but operates at national scale with public-market capital.
• Phillips Edison & Company: Public retail REIT focused on grocery-anchored shopping centers; comparable to Banyan's anchor-tenant retail development strategy but as a stabilized, public-vehicle acquirer rather than a developer.
• Lennar Corporation: Public national homebuilder with very large Florida residential land development and master-planned community operations. Comparable in Florida residential land strategy (e.g., Tradition-style communities) but at vastly greater scale and with public capital.
• Site Centers: Public retail-focused REIT. Overlaps with Banyan in grocery-anchored shopping center development and investment, but operates at national scale and as a public REIT rather than a private developer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/banyan-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Banyan Development