What Porter Development does

Porter Development is a family-owned commercial real estate development company founded in 2000 and headquartered in Clearwater, Florida. The company specializes in urban infill development, environmentally impacted land remediation, and adaptive reuse, with a growing emphasis on public-private partnerships (P3) with municipal governments across Pinellas County. Its project portfolio spans workforce and affordable multifamily housing, retail commercial developments, and a proposed regional sports and recreation complex. Key active projects include the Gateway Azalea mixed-income development in St. Petersburg — a 29-acre, 1,058-unit multifamily project with a 30% workforce housing component and $6 million in city funding committed for Phase 1 — and the proposed Clearwater Sports Complex at The Landings Golf Course, featuring 13 multi-purpose athletic fields plus pickleball, sand volleyball, water attractions, and a fitness center. Earlier portfolio projects include Shoppes at the Royale, Kohl's Countryside, Westshore Publix, and Publix at Crystal Beach.

The company's business model relies on direct development and sale or lease of completed properties to end-users and institutional investors, with revenue generated through development fees, property sales, and leasing. Its go-to-market is enterprise field sales — Porter Development originates deals through long-standing relationships with municipal stakeholders and pursues large-scale P3 mandates that align public funding (such as Penny for Pinellas) with private development capital. Distribution is split between direct-to-end-user residential and commercial space disposition and P3 structures in which the municipality retains ownership while Porter Development handles redevelopment and management. The customer base is concentrated in local municipalities and county governments (City of Clearwater, City of St. Petersburg, Pinellas County), supplemented by community partnerships with organizations such as Clearwater Chargers and Clearwater for Youth.

Porter Development does not disclose pricing or revenue publicly, operates with 11-50 employees, and has reported no external funding rounds, reflecting a self-funded, relationship-driven operating model with no disclosed AI/ML capabilities. The company's competitive positioning rests on two decades of regional relationships, expertise in environmentally impacted site redevelopment, and the ability to underwrite multi-million-dollar P3 projects using family capital alongside public funding programs.

Name

Porter Development

Legal name

Porter Development

Website

https://porterdev.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Porter Development is a family-owned commercial real estate developer in Clearwater, Florida, specializing in urban infill projects and public-private partnerships with municipalities across Pinellas County, including multifamily housing and sports/recreation complexes.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Land Subdivision (23721), Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

akta.pro secondary industry

Brownfield Redevelopment Support (Site Characterization & Reuse Planning) (EUAHAFAJ)

Keywords

• Commercial real estate development
• Public-private partnerships
• Mixed-income housing
• Urban infill development
• Community sports complexes

Headquarters

HQ city

Clearwater

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development Services: Revenue generated through development fees, property sales, and leasing from large-scale mixed-use and multifamily residential projects. Projects include workforce housing components, retail spaces, and sports/recreation complexes developed through public-private partnerships.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Porter Development is a family-owned commercial real estate developer that specializes in urban infill projects, public-private partnerships, and community-focused developments in the Tampa Bay region. The company develops mixed-income multifamily housing (e.g., 1,058 units with 30% workforce housing at the former Raytheon site), retail commercial centers (Publix-anchored plazas), and large-scale sports/recreation complexes (13 multi-purpose fields) through partnerships with municipalities such as the City of Clearwater, City of St. Petersburg, and Pinellas County.

Product overview

Porter Development is a family-owned commercial real estate development company that specializes in urban infill projects, public-private partnerships, and community-focused developments. The company operates a portfolio of development projects including a flagship mixed-income housing initiative (St. Pete Mixed Income Project with 1,058 units), a proposed sports complex (Clearwater Sports Complex with 13 multi-purpose fields), and several retail commercial developments (Shoppes at the Royale, Kohl's Countryside, Westshore Publix, Publix at Crystal Beach). The company's work emphasizes transforming underutilized and blighted properties into projects that strengthen neighborhoods and create workforce/affordable housing and recreational infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Clearwater Sports Complex A proposed Public-Private Partnership (P3) with the City of Clearwater to redevelop The Landings Golf Course into a premier sports and recreation complex featuring 13 multi-purpose athletic fields, family-oriented amenities, water attractions, pickleball facilities, sand volleyball courts, and a fitness and wellness center. The city-owned complex aims to serve both local residents and attract regional and national sports tourism visitors.
• St. Pete Mixed Income Project (Azalea Gateway) A 29+ acre mixed-income multifamily development at 1501 72nd St N in St. Petersburg comprising 1,058 units across three phases, with 30% dedicated to workforce housing. The project includes environmental remediation of previously contaminated land and is supported by Pinellas County's Penny for Pinellas funding program and the City of St. Petersburg.
• Shoppes at the Royale A retail commercial development project in the Tampa Bay region.
• Kohl's Countryside A commercial retail development project in the Countryside area of Clearwater, Florida.
• Westshore Publix A grocery retail development featuring a Publix supermarket in the Westshore area.
• Publix at Crystal Beach A grocery retail development featuring a Publix supermarket at Crystal Beach in Palm Harbor, FL.

Named customers4 records

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

Four partnerships are on record, tiered core and minor.

• City of ClearwatercoreStrategic or Co-development PartnerPublic-Private Partnership (P3) to redevelop The Landings Golf Course into a city-owned sports and recreation complex. Porter Development will transform the non-performing municipal asset into a regional sports complex while the city retains ownership.
• City of St. PetersburgcoreStrategic or Co-development PartnerFinancial participation in the redevelopment of former Raytheon site (1501 72nd St N) into 1,058 multifamily units. City approved $6 million in funding for the Gateway Azalea project's first phase.
• Clearwater for YouthminorStrategic or Co-development PartnerCommunity organization focused on helping disadvantaged youth afford recreational sports. Porter Development works with this organization as part of their commitment to youth athletics at the Clearwater Sports Complex.
• Clearwater ChargersminorStrategic or Co-development PartnerPrimary youth soccer organization in Clearwater since the 1970s with over 1,000 boys and girls in their recreational program. The Clearwater Sports Complex project will provide fields and resources for this organization.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Mast Capital: Florida-focused real estate investment and development firm pursuing value-add and ground-up multifamily and mixed-use deals. Comparable as a Florida developer with similar urban infill deal sourcing.
• Two Roads Development: Florida-based real estate developer focused on mixed-use, multifamily, and master-planned communities. Comparable as a Florida mixed-use developer with similar project-type exposure and entitlement-driven execution model.
• Kolter Group: Florida-based real estate development firm operating across residential, multifamily, and mixed-use categories. Comparable as a Florida-headquartered mixed-use developer with similar large-project execution playbook.
• Metro Development Group: Tampa Bay–area land and mixed-use developer active in residential communities and master-planned infill projects. Operates in the same Tampa Bay/Pinellas geography with comparable urban infill and large-parcel development model.
• The Falcone Group: Florida-based commercial real estate development firm active in mixed-use and retail-anchored communities across the Southeast. Comparable as a Southeast commercial/mixed-use developer with similar P3-friendly community-development orientation.
• The St. Joe Company: Florida-focused diversified real estate developer with large land holdings and a mixed-use development strategy. Comparable as a Florida-based large-parcel developer pursuing community-scale master plans, though geographically focused on the Panhandle rather than Pinellas.
• Corner Lot: Florida real estate investment and development firm focused on urban infill, multifamily, and mixed-use projects. Comparable as a Florida-based infill developer targeting similar community-oriented mixed-use returns.

Broad incumbents

• Related Group: One of the largest multifamily and mixed-use developers in Florida with a national affordable/workforce housing arm. Comparable as a Florida multifamily developer, but operates at much greater scale and geographic breadth than Porter Development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Porter Development