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

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

Past

Jefferson Honickman Center

Philadelphia, PA

East Market

Philadelphia, PA

East Market – 1100 Ludlow

Philadelphia, PA

East Market – The Ludlow

Philadelphia, PA

East Market – The Girard

Philadelphia, PA

The Bloc – 700 S. Flower Street

Los Angeles, CA

711 S. Hope Street

Los Angeles, CA

100 Van Ness

San Francisco, CA

150 Van Ness

San Francisco, CA

The Noble – 200 Spring Garden

Philadelphia, PA

Northern Liberties – 412 N 2nd Street

Philadelphia, PA

The Stacks

Washington, D.C.

Stephen Girard Building

Philadelphia, PA

1625 Mass Avenue

Washington, D.C.

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

News & Insights

Press Releases

10/24/2025

The Stacks Awarded NAIOP “Best of the Best – Building” and “Best Mixed-use Project” at Annual Awards Gala

Akridge and National Real Estate Development Recognized for Transformative Waterfront Vision and Place-Making Excellence in Southwest D.C. WASHINGTON, D.C. – On Thursday evening, The Stacks, a dynamic mixed-use community in Buzzard Point, was awarded the Award of Excellence – Best Mixed-Use Project and Best of the Best – Building at the 2025 NAIOP DC|MD Awards […]

Press Releases

10/22/2025

National Real Estate Development Reaches Major Construction Milestone at Aviator House in Washington, D.C.

WASHINGTON, D.C. –Today, National Real Estate Development, LLC, announced a key milestone in the conversion of 1625 Massachusetts Avenue, now officially named Aviator House, from a former office building into a 157-unit residential community. The project has achieved startup of permanent electrical power by Pepco — an accomplishment celebrated with an inaugural “Power Up” […]

National Insights

06/24/2025

Construction Spotlight: The Noble – A Vision for Connection and Community in Northern Liberties

An Interview with Peter Epstein, Director of Development, National Real Estate Development What makes The Noble such a standout development in Philadelphia? Pete: The Noble is a unique, 360-unit multifamily building located in Northern Liberties, Philadelphia. It integrates with and takes its design cues from the neighborhood’s authentic identity, while offering an exceptional living […]

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