Montgomery Development Group

What Montgomery Development Group does

Montgomery Development Group is a privately held real estate development company headquartered in Spartanburg, South Carolina, operating across North Carolina and South Carolina. Founded in 2015, the firm positions itself as a one-stop shop covering community master planning, commercial development, multi-family housing, self-storage, and industrial brokerage, with CEO John Montgomery personally involved at every stage. The core product set is project-based real estate development rather than software; the underlying capability stack is domain expertise in mixed-income residential development, historic adaptive reuse, and community master planning rather than a technological platform.

The business generates revenue from three streams: development fees for managing projects from vision through completion, direct real estate investment in properties that are developed and either sold or leased, and industrial brokerage transaction fees (the latter channeled partly through CEO John Montgomery's role as Managing Director of Colliers | South Carolina's Spartanburg office since 2018). Pricing is project-based and not publicly disclosed. The customer base is a mix of municipal partners (most notably the City of Spartanburg), institutional counterparties such as Hawkeye Hotels, and professional service firms such as McMillan Pazdan Smith. Active and recent projects include the Drayton Road townhome development ($22.4M, 110 units), Northside Townhomes Phase II ($23M, 86 units), the Mary H. Wright Elementary School adaptive reuse ($11M, 53 units), and a $10M Class-A speculative office building in downtown Spartanburg.

The company differentiates itself primarily through being the first Spartanburg-based developer to embrace inclusionary residential development, a mixed-income model combining market-rate, workforce, and subsidized units. It also holds specialized expertise in historic preservation (working with the State Historic Preservation Office and the National Park Service) and in trail and greenway integration, with 30+ miles added to Spartanburg's local trails network. The team is small (CEO plus a Development Associate added in 2024) and the model relies heavily on relationship-based, sales-led go-to-market with deep local stakeholder ties rather than scalable technology infrastructure.

Name

Montgomery Development Group

Legal name

Montgomery Development Group

Website

https://montgomerydevelopmentgroup.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Montgomery Development Group is a Spartanburg, SC-based real estate developer specializing in mixed-income residential, historic adaptive reuse, community master planning, and commercial projects across North Carolina and South Carolina, serving municipal, institutional, and community partners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE)

Keywords

• Real estate development
• Mixed-income housing
• Historic building rehabilitation
• Community master planning
• Commercial property development

Headquarters

HQ city

Spartanburg

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: Fees earned for managing and executing real estate development projects from initial vision through completion, handling every aspect including master-planning, commercial property development, and mixed-use planning
2. Real Estate Investment: Direct investment in properties for development, including purchase, development, and either sale or lease of completed projects
3. Industrial Brokerage: Brokerage services for industrial properties, with CEO John Montgomery specializing in guiding clients through development process from land acquisition through lease-up

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Montgomery Development Group is a Spartanburg, SC-based real estate developer that serves as a one-stop shop for community-focused development. It provides community master planning, commercial property development, multi-family housing developments (townhomes, apartments, and adaptive reuse), self-storage development, and industrial brokerage services, handling every aspect of a project from initial vision and land acquisition through construction, lease-up, and completion across North Carolina and South Carolina.

Product overview

Montgomery Development Group is a Spartanburg, SC-based real estate development company offering a comprehensive suite of development services. The company operates as a one-stop shop providing community master planning, commercial development, multi-family housing developments, self-storage development, and industrial brokerage services. Their portfolio includes specific named projects across residential (Northside Townhomes, Drayton Mills Townhomes, The Avenue, Schoolhouse Lofts, Valley Falls Townhomes) and commercial (Startex Mill, downtown office building, 234 N. Church Street) categories. The company specializes in historic rehabilitation, mixed-income residential development, and community investment in North Carolina and South Carolina, with a focus on inclusionary development practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Master Planning Comprehensive master planning services for communities and land developments, working with stakeholders to create project visions from inception through completion. Targeted at municipalities, community organizations, and private partners pursuing mixed-use and master-planned communities.
• Commercial Development Commercial property development services including build-to-suit options, managing commercial real estate projects from land acquisition through development and lease-up. Targeted at investors, landowners, and commercial tenants.
• Multi-Family Housing Developments Development of multi-family residential properties including townhomes, apartments, and adaptive reuse of historic buildings into residential units, with a focus on mixed-income and inclusionary housing. Targeted at municipalities, non-profits, and investors serving diverse income levels.
• Self-Storage Development Self-storage facility development services for investors and landowners seeking to add storage assets within the Carolinas.
• Industrial Brokerage Industrial real estate brokerage services that guide clients through the development process from land acquisition and development through lease-up. Targeted at industrial tenants and investors in the Carolinas.

Quantifiable outcome

• 500+ residential units developed or under development
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• McMillan Pazdan SmithcoreTechnology or Integration · 18 February 2022Architecture firm handling design for downtown Class-A speculative office building project. Design inspired by historic Montgomery Building with William Gray as principal and Spartanburg office director.
• Northside Development GroupcoreStrategic or Co-development PartnerPartnership in Northside Initiative, a massive community revitalization effort led by Northside residents. Montgomery Development Group was first Spartanburg-based developer to invest in this initiative.
• City of SpartanburgcoreStrategic or Co-development PartnerDevelopment agreements with city for various projects including Mary H. Wright Elementary School redevelopment and trail connections. City Council approval required for major developments.
• Hawkeye HotelsminorStrategic or Co-development PartnerHotel developer announced new Fairfield Inn & Suites project adjacent to Montgomery Building in downtown Spartanburg.
• Drayton Townhomes LLCcoreOthersLLC entity under which the $22.4 million Drayton Road townhome project is being developed by John Montgomery.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Holder Properties: Atlanta-based mixed-use and community-focused developer with a comparable mix of mixed-income residential, adaptive reuse, and master-planned product. Similar relationship-driven, mid-size firm profile to MDG.
• Trademark Properties: Charleston, SC-based residential and mixed-use developer focused on community-oriented infill and townhome product in the Carolinas. Comparable in scale, geography, and emphasis on neighborhood-scale projects to MDG.
• RangeWater Real Estate: Atlanta-based multifamily developer with an active Carolinas pipeline of townhome and garden-style product. Comparable in residential product type and footprint to MDG, though larger and more institutionally backed.
• Hughes Development Corporation: Southeast-based mixed-use and residential developer active in the Carolinas and Georgia. Comparable developer-operator model with community-led master planning and mixed-income components.
• Pennrose: Pennsylvania-based developer of mixed-income, affordable, and mixed-use communities with a national footprint. Closely comparable on the inclusionary development model and reliance on public-private partnerships.
• The NRP Group: Cleveland-based multifamily developer specializing in mixed-income, affordable, and market-rate communities. Directly comparable on inclusionary/mixed-income product strategy, though at materially larger scale than MDG.
• Northside Development Group: Spartanburg-based community development partner on the Northside Initiative. Operates in the same geographic market and same niche—community-led, mixed-income revitalization—making it both a peer and a collaborator of MDG.

Others

• McMillan Pazdan Smith: Spartanburg-based architecture firm and MDG's design partner on the downtown Class-A office building. Provides design capability complementary to MDG's development model rather than direct competition.
• Colliers | South Carolina: Global commercial real estate services firm where MDG's CEO is Managing Director of the Spartanburg office. Serves as the brokerage and capital-relationship channel underpinning MDG's deal origination and industrial brokerage revenue stream.

Broad incumbents

• Crescent Communities: Charlotte, NC-based diversified real estate developer with deep Carolinas footprint across multifamily, mixed-use, and master-planned communities. Operates in the same regional market and product categories but at a much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/montgomerydevelopment
• LinkedInlinkedin.com/company/montgomery-development-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Montgomery Development Group