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Development

Guided by stewardship, National seeks to create solid, long-term, risk-adjusted returns for investors by adhering to a rigorous investment process and sound development principles. We focus on transforming underused real estate into modern developments, with a portfolio covering millions of square feet and multiple urban landmarks.

Industry Expertise:

We maintain strong relationships with leading developers and have a development subsidiary

Building Trophy Assets:

We create future-thinking spaces, from residential towers to medical facilities

Human-Centric Design:

Our established design principles prioritize connectivity and functionality

Innovative Excellence:

We emphasize creativity and maintain the highest standards

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National Real Estate Development

Our independently operated development subsidiary, National Real Estate Development, LLC (“National Development”) actively sources and manages new development opportunities while providing expertise on construction and development matters for the firm. Committed to advancing the best interests of National’s clients, our skilled team transforms visions into reality, setting new standards in development nationwide.

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National Development's Projects

National Development's Latest Work

The specialized Jefferson Honickman Center marks the final phase of the team’s 4.3-acre mixed-use East Market Development in Philadelphia. National Development partnered with Jefferson Health to construct a 462,000-square-foot Medical Office Building with a 300-car below-grade parking structure and adjacent public plaza.

2013
Inception Date1
6.4 M SF
Developed / Under Development2
1.5 M SF
Pre-Development2
$3.1 B
Development Costs2

Setting New Standards in Development Nationwide

News & Insights

Construction & Development

05/07/2026

Construction Spotlight: The Stacks’ Vision, Design, and Building at an Unprecedented Scale

An interview with Katie Hartley, Managing Director, National Real Estate Development, and Brian Dylus, Senior Director, Construction Management, National Real Estate Development.     The Stacks is a transformative 2-million-square-foot mixed-use waterfront neighborhood redefining Buzzard Point in Southwest Washington, D.C. Located at the confluence of the Anacostia and Potomac Rivers, the former industrial site has […]

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Construction & Development

04/09/2026

The Stacks Named 2026 Costar Multifamily Development of The Year

The Stacks, a 7-acre, two-million-square-foot mixed-use waterfront neighborhood in Buzzard Point, has been named the 2026 CoStar Impact Award winner for Multifamily Development of the Year in Washington, D.C. The award is one of the industry’s highest honors recognizing projects that demonstrate exceptional impact, innovation and execution. Developed by Akridge and National Real Estate Development, The Stacks delivered in early […]

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