What DDA Development does

DDA Development is a fully integrated, privately held real estate development firm headquartered at 1215 N. Franklin Street in Tampa, Florida. Operating across the Tampa Bay region since its relocation from Fort Myers around 2008, the company develops, invests in, finances, asset-manages, and constructs real estate projects. Its portfolio spans three product lines: luxury and market-rate multi-family / condominium developments (The Nolen, The Salvador, The Franklin, Sixty90, Casa Marti, Icaria on Pinellas), affordable and workforce housing developed under federal and Florida Housing Finance Corporation tax credit programs (The Graham at Gracepoint, Campbell Landings), and commercial / specialty assets (Casa Gomez, Hemingway's, Motocave Luxury Car Condo, Kawayan Pilates Studio, Mariposa Women's Hospital).

Three principals operate the firm: Bowen A. Arnold (Manager/Principal, attorney, led $600M+ in development), John M. Schilling (Manager/Principal, 1,500+ multi-family units developed), and Kevin L. Gardner (Member, Florida licensed GC, LEED AP BD+C). DDA monetizes projects via direct unit sales to end buyers (e.g., 74-unit The Salvador at $315K-$1.5M; The Nolen sold out by 2025), institutional tax-credit syndication partnerships (notably with Alliant Capital), and JV equity arrangements (Edge Central Development Partners with J Square Developers; Mast Capital on 2025's top multifamily deal). Its GTM motion combines direct enterprise field sales, exclusive brokerage partnerships (Smith & Associates), and earned media in Tampa Bay Business Journal and Tampa Bay Times, with sales velocity metrics including 98% pre-completion sell-through at The Salvador and 95%+ rental occupancy across managed apartments. The firm has ranked 6th largest commercial real estate developer in Tampa Bay (2019, 2022) and #28 on Affordable Housing Finance's 2014 Top 50 list.

Name

DDA Development

Legal name

DDA Development

Website

https://ddadevelopment.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

DDA Development is a privately held, fully integrated Tampa-based real estate developer specializing in luxury condos, market-rate and affordable multifamily housing, and commercial properties across the Tampa Bay region, financed through direct sales, tax credit syndications, and institutional joint ventures.

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development Sales: DDA Development generates revenue through the sale of multi-family residential units, high-end condominiums, and commercial properties developed in the Tampa Bay region. The company develops, invests in, finances, and manages real estate assets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

DDA Development is a Tampa, Florida-based, fully integrated real estate development company that develops, invests in, finances, asset-manages, and constructs multi-family residential, luxury condominium, affordable housing (LIHTC), and commercial real estate projects across the Tampa Bay region. The firm combines site selection through construction under one roof and has developed over 1,600 units across its portfolio while currently owning and operating roughly 12 properties with approximately 1,400 units.

Product overview

DDA Development is a fully integrated real estate development company offering development, investment, finance, asset management, and construction services. The company specializes in multi-family residential properties, high-end condominiums, and commercial properties primarily in the Tampa Bay region. Their portfolio includes luxury condo towers (The Nolen, The Salvador), market-rate apartments (Icaria on Pinellas, Campbell Landings), affordable housing (The Graham at Gracepoint), specialty developments (Motocave luxury car condos), and commercial properties. The company is recognized as one of the largest commercial real estate developers in Tampa Bay.

Differentiator

Problem solved

Functional benefit

Products and services

• Sixty90 Affordable multi-family apartment community under construction, financed using federal Low-Income Housing Tax Credits (LIHTC) and intended for income-qualified renters.
• Mariposa Women's Hospital Commercial healthcare facility under construction in Tampa, purpose-built for women's health services and intended for healthcare-provider occupancy or ownership.
• Casa Marti Luxury single-family custom home project in Tampa, delivered by DDA Development for high-net-worth individual buyers.
• Motocave Luxury Car Condo Automotive storage condominium project in Tampa providing climate-controlled luxury car storage units sold or leased to collectors and enthusiasts.
• Icaria on Pinellas Affordable multi-family rental housing community in Pinellas County developed using federal Low-Income Housing Tax Credits (LIHTC).
• The Heights at Gracepoint Affordable multi-family housing project developed in partnership with Gracepoint (formerly Mental Health Care Inc.) in the Tampa Bay area.
• The Pearl Luxury high-rise condominium project in downtown Tampa, with units sold to individual buyers seeking amenity-rich urban living.
• The Salvador Luxury condominium project in downtown Tampa, with units sold to individual buyers seeking amenity-rich urban living.
• The Graham at Gracepoint Affordable apartment community developed in partnership with Gracepoint in the Tampa Bay area.
• Campbell Landings Multi-family residential project in the Tampa Bay region, with apartment units leased to residents.
• Casa Gomez Luxury single-family custom home project in Tampa, delivered by DDA Development for high-net-worth individual buyers.
• Hemingway's Multi-family residential project in the Tampa Bay region, with apartment units leased to residents.
• Kawayan Strength Pilates Studio Commercial tenant fit-out for a Pilates studio, delivered by DDA Development as part of its commercial construction activities.
• Arlington Office Renovation Commercial office renovation project completed by DDA Development for a commercial tenant or owner-user.

Quantifiable outcome

• 98% of units sold before construction completed at The Salvador
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• J Square DeveloperscoreStrategic or Co-development Partner · 26 November 2019Joint venture partner in Edge Central Development Partners for the Orange Station at the Edge redevelopment project. J Square Developers, led by Jay Miller, is a St. Petersburg-based developer with residential and retail experience including Trader Joe's on 4th Street N.
• Gracepoint Community Development, LLCcoreStrategic or Co-development PartnerPartnership for The Graham at Gracepoint affordable housing project. Gracepoint is a community development organization providing supportive services to residents. The project was funded using 9% tax credits through Florida Housing Finance Corporation.
• Backstreets Capital LLCminorStrategic or Co-development PartnerSt. Petersburg-based partner involved in Edge Central Development Partners. Includes Craig Sher and Will Conroy.
• Smith & Associates Real EstatecoreChannel Partner/ Reseller/ DistributorExclusive sales representation for The Salvador condominium project. Smith & Associates served as the exclusive leasing and sales firm, with David Moyer as director of developer services sales.
• MESH ArchitecturecoreImplementation/ SI/ Consulting PartnerArchitecture firm that designed The Salvador condominiums in St. Petersburg. Also involved in The Heights master plan design.
• Place ArchitectureminorImplementation/ SI/ Consulting PartnerSt. Petersburg-based architecture firm involved in Edge Central Development Partners project.
• Cushman and WakefieldminorImplementation/ SI/ Consulting PartnerOffice leasing specialist Wendy Giffin of Cushman and Wakefield involved in Edge Central Development Partners for office space leasing.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• The Related Group: Largest condo developer in Florida with a deep luxury condo pipeline in Miami, Fort Lauderdale and expanding into Tampa Bay and St. Petersburg. Directly comparable to DDA on luxury condo product and is increasingly competing in the same Tampa Bay submarkets where DDA has built its recent track record.
• Mill Creek Residential Trust: National multifamily developer with a major Florida presence building Class A garden-style and urban apartment communities. Comparable to DDA's market-rate multifamily developments such as Icaria on Pinellas and Meres Crossing.
• Wood Partners: National multifamily developer with significant Florida operations across Tampa, Orlando, and South Florida. Comparable to DDA on Class A multifamily product and Tampa Bay geographic overlap.
• Stiles Corporation: Long-established Florida commercial real estate developer with mixed-use, office, and multifamily projects across South and Central Florida. Comparable to DDA's commercial and mixed-use developments, including Class A office product similar to Orange Station at the Edge.

Direct peers

• Kolter Group: Florida-based private real estate developer focused on luxury condominium and multifamily projects, with active pipeline in downtown Tampa and St. Petersburg. Highly comparable to DDA on luxury condo product, urban infill locations, and Florida regional focus.
• The Altman Companies: Florida-based multifamily and mixed-use developer with significant apartment and affordable housing portfolio across the Southeast. Comparable to DDA on multifamily development, mixed-use projects, and workforce/affordable housing product.
• LeCesse Development Company: Florida-based multifamily developer specializing in Class A apartments across Florida markets including the Tampa Bay region. Direct comparable on apartment product type and Florida geographic focus.
• J Square Developers: St. Petersburg-based residential and retail developer and DDA's joint venture partner in Edge Central Development Partners. Direct comparable on local St. Petersburg infill development, residential and mixed-use product, and same target buyer base.
• Mast Capital: Florida-based multifamily developer and DDA's multifamily transaction partner (referenced in Tampa Bay Business Journal's top multifamily deals coverage). Comparable on Florida multifamily development and Tampa Bay market presence.

Emerging players

• RangeWater Real Estate: Sun Belt-focused multifamily developer and acquirer with growing Florida footprint including Tampa Bay. Comparable to DDA on multifamily development scale and Sun Belt demographic tailwinds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/ddadevelopment

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 DDA Development