Maestas Development Group
Maestas Development Group is an Albuquerque, New Mexico-based commercial real estate developer founded in 1998 by Steve Maestas, specializing in retail, restaurant, office, and mixed-use developments across New Mexico, with over 50 completed projects and $500M+ in assets developed.
- Company typePrivate
- Founded1998
- HeadquartersAlbuquerque, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Maestas Development Group firmographics
Firmographics- Name
- Maestas Development Group
- Legal name
- Maestas Development Group
- Website
- https://mdgrealestate.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Maestas Development Group is an Albuquerque, New Mexico-based commercial real estate developer founded in 1998 by Steve Maestas, specializing in retail, restaurant, office, and mixed-use developments across New Mexico, with over 50 completed projects and $500M+ in assets developed.
- Ownership category
- akta.pro rank
Maestas Development Group industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Maestas Development Group is headquartered
LocationHeadquarters
- HQ city
- Albuquerque
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Maestas Development Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Others
Revenue model
- Commercial Real Estate Development: The company acquires, develops, and operates commercial real estate properties across New Mexico. Revenue is generated through property development fees, leasing commissions, and long-term asset ownership providing investment returns.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom commercial real estate development projects |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Maestas Development Group product offering
Product offeringCore offering
Maestas Development Group acquires, develops, and operates commercial real estate properties across New Mexico, with a focus on retail, restaurant, office, hospitality, healthcare, and mixed-use developments. Revenue is generated through property development, long-term asset ownership, and leasing commissions to national, regional, and local tenants in underserved Albuquerque-area communities.
Product overview
Maestas Development Group is a commercial real estate development company operating as a single unified offering rather than a platform-plus-modules architecture. The company's primary product is commercial real estate development services, which encompasses site acquisition, entitlement, construction, financing, and property management across a portfolio of over 50 projects. Their named projects include Las Estancias (80-acre retail/restaurant development), Nuevo Atrisco ($26M mixed-use), The Highlands ($120M mixed-use with hotel and housing), and Northpoint Plaza (retail center). They also provide a Small Business Resources service that curates third-party business tools and guides for small businesses seeking to lease commercial space.
Differentiator
Problem solved
Functional benefit
Products and services
- Las Estancias 80-acre mixed-use retail and restaurant development in Southwest Albuquerque, currently in phase two of six planned phases, featuring national retailers Hobby Lobby (55,000 sq ft), Ross Dress for Less, Shoe Department Encore, and Ulta Beauty, with planned sit-down restaurants, a splash pad, an open-air market, and the Blue Door Neighborhood Center (2,100 sq ft) operated by Blue Cross and Blue Shield of New Mexico.
- Nuevo Atrisco $26 million, 6-acre mixed-use development on the northwest corner of Central Avenue and Unser Boulevard in Albuquerque, featuring more than 30,000 sq ft of office, restaurant, and retail space, an 86-unit apartment complex, and a 20,000 sq ft plaza and community event space, delivered via a public-private partnership with the City of Albuquerque, YES Housing Inc., Wells Fargo, and New Mexico Mortgage Finance Authority.
- The Highlands $120 million, 12-acre mixed-use master plan development along historic Route 66 in Albuquerque, including The Highlands Central Market (grocery, local restaurants, gathering space), 320 multi-family housing units across Highlands North and Highlands East, a 118-room Marriott SpringHill Suites Hotel with a dedicated Ronald McDonald House Charities floor (20 family suites serving 640 families annually), and Albuquerque's first skybridge; the project is expected to create over 550 permanent jobs and approximately 1,400 construction jobs upon completion.
- Northpoint Plaza Retail center development in Rio Rancho at the corner of Northern and Unser boulevards, designed to serve the second-most underserved trade area in the Albuquerque metro market, with space for two food concepts including one with drive-thru access and using Wilger Enterprises as the general contractor.
- Portfolio of Commercial Real Estate Projects Portfolio of over 50 commercial real estate projects across New Mexico spanning retail, restaurant, office, industrial, and mixed-use developments, including Nuevo Atrisco, 1607 St Michaels, Wyoming Center, 1624 Alameda, 2nd Street & Paseo Del Norte, Venada Plaza, Wyoming & San Antonio, 6th & University, Rio Bravo & Prince, McLeod & I25, Jefferson Row, Roswell Place, The Emerald Building, Unser & Ladera, Loma Colorado, Northpoint, The Highlands, Coors & Flora Vista, Rio Rancho Shopping Center, Los Morros, Conejos Office Park, Cerrillos & Tierra, Yale & Gibson, Journal Center Executive Suites, Avanzando, Las Estancias, and Montaño Plaza.
Quantifiable outcome
- Over 50 successful projects completed
- +2 more outcomes
Companies that use Maestas Development Group
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles3 records
Maestas Development Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Maestas Development Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major and minor.
- YES Housing Inc.corePublic-private partnership for Nuevo Atrisco mixed-use development on Albuquerque's Westside. YES Housing handled the residential component with over $10 million in low-income housing tax credits for the 86-unit apartment complex.
- City of AlbuquerquecoreGovernment partner in public-private partnerships for multiple developments including Nuevo Atrisco and The Highlands. Provides economic development support and regulatory approvals.
- Titan DevelopmentcoreCo-development partner for The Highlands, a $120 million, 12-acre mixed-use project along historic Route 66 in Albuquerque.
- Alliance ResidentialmajorDevelopment partner for The Highlands multifamily components including Highlands North and Highlands East apartment complexes.
- Ronald McDonald House Charities of New MexicocoreThird floor of Marriott SpringHill Suites dedicated as first newly-built Ronald McDonald House inside a hotel, providing 20 family suites serving 640 families annually. Skybridge connects to Presbyterian Hospital.
- Marriott (SpringHill Suites)core118-room SpringHill Suites hotel at The Highlands with dedicated floor for Ronald McDonald House Charities, expected completion early 2020.
- Presbyterian HealthmajorHealthcare partner at The Highlands development, connected via skybridge to Marriott hotel hosting Ronald McDonald House.
- Blue Cross and Blue Shield of New MexicomajorTenant at Las Estancias development, opened Blue Door Neighborhood Center (2,100 sq ft, $1 million investment) providing health and wellness services to South Valley community.
- Klinger ConstructionminorGeneral contractor handling renovation work for Blue Cross Blue Shield's Blue Door Neighborhood Center at Las Estancias.
- Wilger EnterprisesminorAlbuquerque-based general contractor slated for Northpoint Plaza retail project in Rio Rancho.
Scale indicators9 records
Recent moves11 records
Expansion highlights6 records
Maestas Development Group competitors and assessment
Company assessmentRegional players
- Bohannan Huston: Albuquerque-based engineering and development services firm active in New Mexico commercial and residential projects. Comparable as a long-standing Albuquerque development partner, though more services-oriented.
- Forum Real Estate Group: Denver-based commercial developer with mixed-use and multifamily projects across the Mountain West. Comparable in retail/mixed-use product focus and regional development model.
- Heritage Real Estate Partners: Southwest U.S. commercial developer and asset manager active in retail, office, and mixed-use projects. Comparable in product type and regional operating model.
Direct peers
- Titan Development: Albuquerque/New Mexico commercial real estate developer and direct co-development partner on The Highlands ($120M, 12-acre master plan). Comparable in scope, geography, and mixed-use product mix.
- Westside Capital Partners: New Mexico-based real estate investment and development firm focused on Albuquerque commercial opportunities. Comparable in geography and commercial asset class focus.
- Witten Company: New Mexico-based commercial real estate firm active in leasing, brokerage, and development across Albuquerque. Comparable as a local full-service CRE peer competing for similar retail and office assignments.
- NAI Maestas & Ward (now NAI Sun Vista): Direct successor to Maestas & Ward, the firm Steve Maestas co-founded before starting MDG. Comparable as a New Mexico commercial brokerage and management peer occupying the same customer and tenant ecosystem.
Broad incumbents
- Greystar Real Estate Partners: Global multifamily and mixed-use developer/operator. Comparable as a partner-class firm working on multifamily components (Alliance Residential partners with MDG on Highlands multifamily), and represents the scaled capital competitor MDG faces for new acquisitions.
- Lincoln Property Company: National commercial real estate developer and manager with retail, office, and mixed-use exposure including Sun Belt markets. Comparable as a scaled national competitor pursuing similar retail-anchored mixed-use deals in secondary markets.
- Cityview: Diversified real estate investment and development firm with multifamily and mixed-use projects across the Western U.S. Comparable as a capitalized competitor pursuing similar infill and master-planned community opportunities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Maestas Development Group social profiles
Digital presenceMaestas Development Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Maestas Development Group leadership team
Management profileNumber of profiles
Profiles8 records
Maestas Development Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Maestas Development Group 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 Maestas Development Group
What does Maestas Development Group do?
Maestas Development Group acquires, develops, and operates commercial real estate properties across New Mexico, with a focus on retail, restaurant, office, hospitality, healthcare, and mixed-use developments. Revenue is generated through property development, long-term asset ownership, and leasing commissions to national, regional, and local tenants in underserved Albuquerque-area communities.
Is Maestas Development Group a public or private company?
Maestas Development Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Maestas Development Group founded?
Maestas Development Group was founded in 1998. It employs 1 to 10 people.
Where is Maestas Development Group based?
Maestas Development Group is headquartered in Albuquerque, United States, in the North America region.
How does Maestas Development Group make money?
One revenue line is on record: commercial Real Estate Development.
Who are Maestas Development Group's main competitors?
Regional players on record are Bohannan Huston, Forum Real Estate Group and Heritage Real Estate Partners. Direct peers are Titan Development, Westside Capital Partners, Witten Company and NAI Maestas & Ward (now NAI Sun Vista). Broad incumbents are Greystar Real Estate Partners, Lincoln Property Company and Cityview.
Does Maestas Development Group have an API?
No public API is recorded for Maestas Development Group.
What industry is Maestas Development Group in?
Maestas Development Group's product category is Commercial Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 531120 and its SIC code is 6532.