The real estate development companies in Virginia cultivate spaces where communities thrive. These firms range from local homebuilders to larger corporate developers, emphasizing residential and commercial projects. They tackle everything from luxury apartments to affordable housing, aiming to meet evolving market demands. As urban planning trends shift towards sustainable practices and mixed-use developments, the industry finds itself adapting to a growing call for community-centric designs. Innovative technologies and environmentally-friendly materials are increasingly adopted, enhancing efficiency and reducing the overall impact of construction. This forward-thinking approach positions Virginia's development sector well for future growth.

This list features 25 prominent real estate development companies based in Virginia. They range from small firms to large corporations, all established in various years, primarily since the 1960s. With specializations that include luxury residential construction, multifamily housing, and commercial projects, each company offers unique solutions to meet local demands. The diversity in company size, ranging from just a few employees to thousands, reflects the competitive dynamics of Virginia's real estate market.

Continue reading to discover the top real estate development companies in Virginia.

Top 25 Real Estate Development Companies in Virginia

1. Kettler

• Website: kettler.com
• Ownership type: Family Owned
• Headquarters: Mclean, Virginia, United States (USA)
• Founded year: 1977
• Headcount: 501-1000
• LinkedIn: kettler-inc-

Kettler is a family-owned real estate development and property management firm based in McLean, Virginia, established in 1977. The company specializes in multifamily housing and community development, with a mission to create spaces that feel like home for residents. Kettler operates primarily in the Mid-Atlantic and Southeastern regions of the United States, managing a significant portfolio of properties. Their services include multifamily development, land and community development, property management, and investment strategies. Kettler has built a reputation for its commitment to quality and community engagement, which is reflected in their core values that emphasize building relationships and enhancing the living experience. The company has received recognition for its contributions to the industry, including rankings on lists of the largest commercial real estate developers. Kettler's leadership team consists of seasoned professionals with extensive experience in real estate, further solidifying their position in the market.

2. The Breeden Company

• Website: thebreedencompany.com
• Ownership type: Corporate
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: May 2000
• Founded year: 1961
• Headcount: 201-500
• LinkedIn: the-breeden-company

The Breeden Company, founded in 1961 and based in Virginia Beach, Virginia, is a prominent real estate developer specializing in both residential and commercial properties. With a workforce of approximately 153 employees, the company has built a robust portfolio that includes over 15,000 apartments and more than 2 million square feet of retail and office space. Their operations are vertically integrated, combining Breeden Realty, Breeden Construction, and Breeden Property Management, which allows them to manage every aspect of the development process. This structure not only enhances efficiency but also ensures a high standard of quality across their projects. The Breeden Company is recognized for its innovative designs and community-focused developments, contributing to local economies and enhancing living standards. Their projects have received numerous accolades, reflecting their commitment to excellence and customer satisfaction.

3. HHHunt

• Website: hhhunt.com
• Ownership type: Private
• Headquarters: Blacksburg, Virginia, United States (USA)
• Employee distribution: United States (USA) 96%, Other 4%
• Founded year: 1966
• Headcount: 201-500
• LinkedIn: hhhunt-corporation

HHHunt Corporation, based in Blacksburg, Virginia, is a private real estate development and management firm that has been operational since 1966. The company specializes in creating residential living spaces, which include apartment homes, new homes, and planned communities. With a workforce of over 2,000 employees, HHHunt serves individuals and families across several states, including Maryland, Virginia, Tennessee, North Carolina, South Carolina, and Georgia. Their mission is to enhance the living experience by developing meaningful and well-designed communities. HHHunt is also recognized for its commitment to quality, as evidenced by its inclusion in the 2024 Builder 100 list and its ranking among the top apartment living companies by J Turner Research. The company has not reported any recent funding, indicating a stable operational model that relies on its established market presence.

4. Craftmark Homes

• Website: craftmarkhomes.com
• Ownership type: Family Owned
• Headquarters: Mclean, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1991
• Headcount: 11-50
• LinkedIn: craftmark-homes

Craftmark Homes, founded in 1991 and based in McLean, Virginia, is a family-owned homebuilder specializing in luxury residential construction. With a strong presence in the Washington, D.C. Metro area, the company has successfully delivered nearly 9,000 homes, including single-family homes, townhomes, and affordable housing options. Craftmark is recognized for its commitment to high-quality craftsmanship, energy-efficient designs, and a hands-on approach to customer service. The company prioritizes architectural excellence and community engagement, focusing on urban infill locations that promote walkability. Craftmark Homes has received accolades for its construction quality and customer service, including the 2016 Builder of Integrity Award from the Quality Builders Warranty Corporation. Their portfolio reflects a dedication to creating upscale living environments that meet the needs of modern homeowners.

5. Miller and Smith

• Website: millerandsmith.com
• Ownership type: Private
• Headquarters: Vienna, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1964
• Headcount: 51-200
• LinkedIn: miller-and-smith

Miller and Smith is a private homebuilder and real estate developer based in Vienna, Virginia, with a history dating back to 1964. The company specializes in residential communities, primarily targeting active adults aged 55 and over. They offer a range of housing options, including single-family homes and townhomes, with a strong emphasis on creating vibrant communities that feature various amenities to enhance the living experience. Over the years, Miller and Smith has built nearly 20,000 homes across the DC metropolitan area, showcasing their significant involvement in the local housing market. Their projects often include features that cater to the lifestyle needs of their target demographic, such as community events and recreational facilities. The company is committed to energy-efficient building practices, further aligning with modern consumer preferences. With a workforce of 51-200 employees, Miller and Smith continues to play an active role in the real estate development sector.

6. Van Metre Homes

• Website: vanmetrehomes.com
• Ownership type: Private
• Headquarters: Ashburn, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1955
• Headcount: 51-200
• LinkedIn: van-metre-homes

Van Metre Homes, based in Ashburn, Virginia, is a private home builder with a history dating back to 1955. The company specializes in residential real estate development, offering a variety of housing options that cater to different demographics, including single-family homes, townhomes, and active adult communities. Their projects are primarily located in Virginia, where they have built a reputation for quality and customer service. Van Metre Homes provides comprehensive financing options and personalized rewards for homebuyers, enhancing the homebuying experience. The company is actively involved in the community, with numerous developments currently underway, showcasing their commitment to meeting the housing needs of individuals and families in the region.

7. Insight Property Group

• Website: insightpropertygroupllc.com
• Ownership type: Private
• Headquarters: Arlington, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: insight-property-group-llc

Insight Property Group is a private real estate development firm based in Arlington, Virginia, specializing in residential and mixed-use communities. Established in 2009, the company has carved out a niche in the competitive Washington, DC market. With a team of experienced professionals, Insight Property Group is dedicated to creating quality homes and commercial spaces that enhance the neighborhoods they serve. Their portfolio includes notable projects such as The Elm, a luxury residential development in Bethesda, and The Apollo, a mixed-use community in Washington, DC. Both projects reflect the company's commitment to thoughtful design and community integration. Insight Property Group also emphasizes sustainable practices, aiming for LEED certification in many of their developments. Their approach combines a focus on detail with a strong emphasis on building lasting relationships with community members and partners, positioning them as a relevant player in the real estate development sector.

8. Bonaventure

• Website: bonaventure.com
• Ownership type: Private
• Headquarters: Alexandria, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1999
• Headcount: 51-200
• LinkedIn: bonaventure-realty-group

Bonaventure is a private real estate investment firm based in Alexandria, Virginia, established in 1999. The company specializes in the development and management of multifamily rental properties, providing a full suite of services that includes investment management, architectural design, and construction. Bonaventure connects capital with investment opportunities, catering to investors and property owners who aim to enhance the value of their real estate assets. With a workforce of approximately 257 employees, the firm operates primarily in the Mid-Atlantic and Southeastern regions of the United States. Bonaventure has built a reputation for its integrated approach, which allows them to oversee projects from conception to completion, ensuring efficiency and quality throughout the process. Their portfolio showcases a variety of successful projects, reflecting their expertise in transforming land into valuable assets.

9. StyleCraft Homes of VA

• Website: stylecrafthomes.com
• Ownership type: Private
• Headquarters: Richmond, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1999
• Headcount: 51-200
• LinkedIn: stylecraft-homes-of-va

StyleCraft Homes of VA, based in Richmond, Virginia, is a private home builder and real estate developer that has been operational since 1999. With a workforce of approximately 71 employees, the company specializes in constructing new homes tailored to the needs of homebuyers seeking quality housing. StyleCraft Homes is particularly known for its involvement in charitable initiatives, notably the St. Jude Dream Home Giveaway, which not only showcases their commitment to community welfare but also enhances their visibility in the local market. The company primarily serves the Richmond area, focusing on creating homes that provide an elevated ownership experience. Their portfolio includes various residential projects, reflecting their dedication to quality and customer satisfaction.

10. Greenwood Homes

• Website: greenwoodhomes.com
• Ownership type: Private
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2020
• Headcount: 11-50
• LinkedIn: buildgreenwood

Greenwood Homes is a private home builder based in Charlottesville, Virginia, specializing in residential construction across Virginia and North Carolina. Founded in 2020, the company has quickly established itself by offering a range of new home communities, quick move-in homes, and customizable floor plans. Greenwood Homes aims to provide quality housing solutions tailored to the needs of homebuyers. With a focus on earth-friendly designs and modern amenities, the company is actively involved in the local real estate market, catering to various buyer preferences. Its portfolio includes several communities, showcasing a commitment to enhancing the home-buying experience through thoughtful design and construction practices.

11. Beco

• Website: becoasset.com
• Ownership type: Private
• Headquarters: Chesapeake, Virginia, United States (USA)
• Employee distribution: United States (USA) 92%, Iraq 8%
• Founded year: 1983
• Headcount: 51-200
• LinkedIn: beco-asset-management-llc

Beco, based in Chesapeake, Virginia, is a private construction and real estate development company founded in 1983. With a workforce of approximately 75 employees, Beco specializes in creating residential and commercial properties, including multi-family housing and mixed-use developments. The company is dedicated to enhancing community living through quality construction and effective asset management. Beco manages over 1,900 apartment units and significant office space, demonstrating their capability in both residential and commercial sectors. Their portfolio includes various properties, such as lifestyle apartments, senior housing, and military accommodations. Beco's approach emphasizes customer experience and community vitality, reflecting their commitment to ethical practices and integrity in every project they undertake.

12. R.P. Fralin, Inc..

• Website: rpfralininc.com
• Ownership type: Private
• Headquarters: Hollins, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1999
• Headcount: 11-50
• LinkedIn: fralin-real-estate-corporation

R.P. Fralin, Inc. is a real estate development firm based in Hollins, Virginia, with a focus on land development, commercial construction, multi-family construction, home-building, and property management. Since its inception in 1999, the company has completed over 2,000 homes and developed 20 communities, showcasing its capability in residential projects. Additionally, R.P. Fralin, Inc. operates several subsidiaries, including R. Fralin Homes for single-family home building, R. Fralin Construction for commercial and multifamily projects, R. Fralin & Associates for property management, and R. Fralin Development Corporation for site development. This structure allows the company to provide comprehensive solutions tailored to both individual consumers and businesses, addressing a wide range of real estate needs.

13. Elm Street Development

• Website: elmstreetdev.com
• Ownership type: Private
• Headquarters: Mclean, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1977
• Headcount: 51-200
• LinkedIn: elm-street-development

Elm Street Development, operating under the name Elm Street Communities, is a private real estate developer based in McLean, Virginia. Founded in 1977, the company specializes in residential community development, focusing on creating neighborhoods that cater to various life stages, from families to retirees. With a strong emphasis on environmental responsibility, Elm Street integrates sustainable practices into their planning and development processes. Over the years, they have successfully developed more than 325 communities, providing homes for over 64,000 residents in the Washington-Baltimore region. The company prides itself on its local expertise, with a team that boasts over 700 years of combined experience in community development. Elm Street is actively seeking new opportunities for growth, particularly in the Washington-Baltimore corridor, and continues to engage with landowners to expand its portfolio.

14. Dragas Companies

• Website: dragas.com
• Ownership type: Private
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1968
• Headcount: 51-200
• LinkedIn: the-dragas-companies

Dragas Companies, based in Virginia Beach, Virginia, has been a prominent home builder and real estate developer since its inception in 1968. The company specializes in constructing new homes, condominiums, and apartment communities, primarily serving the Hampton Roads area. With a portfolio that includes over 60 meticulously planned communities, Dragas has successfully welcomed more than 8,000 families into their neighborhoods. The company prides itself on its commitment to quality, craftsmanship, and customer service, ensuring that each home is designed with attention to detail and sustainability in mind. As a family-owned business, Dragas Companies has maintained its local roots while adapting to the evolving needs of homebuyers. Their focus on creating communities that promote a sense of belonging and pride is evident in their developments, which feature exclusive amenities and thoughtful designs.

15. Knutson Companies

• Website: knutsoncos.com
• Ownership type: Private
• Headquarters: Brambleton, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: knutson-companies

Knutson Companies is a private homebuilder based in Brambleton, Virginia, with a focus on residential construction in the D.C. Metro area. Founded in 2012, the company has built a reputation for creating stylish homes and vibrant neighborhoods that cater to the needs of modern homebuyers. With a dedicated team of 16 employees, Knutson Companies emphasizes quality craftsmanship and attention to detail in every project. They offer a range of neighborhoods, including the District Towns at St. Elizabeths East in Washington, D.C., and various condominiums in Northern Virginia. Their approach combines award-winning architectural designs with personalized interior selections, ensuring that each home reflects the unique style of its owner. Knutson Companies is committed to enhancing lifestyles through thoughtfully designed communities that provide access to amenities and recreational opportunities.

16. Cava Companies

• Website: cavacompanies.com
• Ownership type: Private
• Headquarters: Richmond, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: cavacompanies

Cava Companies is a Richmond, Virginia-based real estate development and property management firm, founded in 2007. The company specializes in new home construction, renovations, and providing turnkey investment opportunities for both investors and homeowners. With a team that boasts over 100 years of collective experience, Cava Companies has developed more than 3,000 buildable homesites and managed around 2,000 residences. Their focus on quality service and strong community ties is evident in their projects, which blend modern design with historical integrity. Cava Companies operates with a commitment to excellence, ensuring that each property they develop or manage meets high standards. They also offer investment opportunities, allowing investors to engage in the real estate market without the burdens of direct management. This combination of development, renovation, and property management positions Cava Companies as a significant player in the Virginia real estate sector.

17. Ryan Homes

• Website: ryanhomes.com
• Ownership type: Corporate
• Headquarters: Reston, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $45.0M, August 2024
• Founded year: 1948
• Headcount: 1001-5000
• LinkedIn: ryan-homes

Ryan Homes, founded in 1948 and based in Reston, Virginia, is a prominent homebuilder in the United States. The company specializes in residential construction, offering a variety of new homes, including single-family homes, townhomes, and condos. With a workforce of over 2,200 employees, Ryan Homes has built more than 500,000 homes, showcasing its extensive experience in the industry. The company operates in 16 states, providing consumers with options in desirable locations. Ryan Homes emphasizes quality craftsmanship, customer care, and innovative designs, ensuring that homes are tailored to meet the needs of various buyers, from first-time homeowners to those looking to downsize. Their recent funding of $45 million in August 2024 reflects their ongoing growth and commitment to enhancing the homebuying experience.

18. Boyd Homes

• Website: boydhomes.com
• Ownership type: Family Owned
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1981
• Headcount: 51-200
• LinkedIn: boyd-homes

Boyd Homes, established in 1981, is a family-owned real estate developer and property management firm based in Virginia Beach, Virginia. The company specializes in constructing new homes and managing residential rental properties, primarily in Virginia and North Carolina. Boyd Homes offers a range of housing options, including semi-custom single-family homes and luxury apartments, catering to consumers seeking quality living spaces. With a workforce of 51-200 employees, they have built a reputation for innovative designs and thoughtful floor plans that maximize usable space. Boyd Homes is also committed to community involvement, actively participating in various local initiatives. Their focus on environmentally friendly building practices, such as using recycled materials and energy-efficient systems, further underscores their dedication to sustainable development. The company has not reported any funding, indicating a self-sustained operational model.

19. Kotarides Companies

• Website: kotarides.com
• Ownership type: Family Owned
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1963
• Headcount: 201-500
• LinkedIn: kotarides-companies

Kotarides Companies, based in Virginia Beach, Virginia, is a family-owned real estate development and property management firm founded in 1963. The company specializes in leasing apartments, constructing homes, and managing commercial properties, primarily serving clients in Virginia and North Carolina. With a portfolio that includes over 6,000 homes and apartments developed and managed, as well as 1 million square feet of retail space, Kotarides is dedicated to providing quality living environments and exceptional customer service. Their subsidiary, Corinth Residential, focuses on building single-family homes and townhomes, emphasizing quality craftsmanship and customer satisfaction. The company has received accolades for its commitment to excellence, including the 2024 Builder of Integrity Award from Quality Builders Warranty. Kotarides Companies continues to thrive in the real estate sector, maintaining a strong family-oriented culture while expanding its operations.

20. Palms Associates, LLC

• Website: palms.net
• Ownership type: Private
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1959
• Headcount: 201-500
• LinkedIn: palms-associates

Palms Associates, LLC is a Virginia Beach-based real estate development and property management firm that has been operational since 1959. The company specializes in the development and management of multifamily rental communities and commercial properties across the Southeastern United States. With a workforce of approximately 107 employees, Palms Associates has successfully developed over 15,000 rental apartments and single-family homes, alongside more than 1,000,000 square feet of commercial and retail space. Their approach combines development, construction, property management, and asset management, ensuring a comprehensive service offering. The firm is currently focused on expanding its portfolio through new developments in Virginia, North Carolina, South Carolina, and Georgia, with several projects in various stages of planning and construction. Palms Associates is dedicated to providing quality housing and commercial spaces, reflecting their commitment to meeting the needs of both residents and businesses.

21. Ripley Heatwole Company

• Website: ripheat.com
• Ownership type: Private
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1946
• Headcount: 51-200
• LinkedIn: ripley-heatwole-company

Ripley Heatwole Company, based in Virginia Beach, Virginia, is a private real estate developer with a history dating back to 1946. The company specializes in multi-family housing and property management, offering a range of services that include construction management and mortgage banking. With a dedicated team, Ripley Heatwole has developed over 5,000 rental units and more than 200,000 square feet of commercial space. They currently have around 800 multi-family units and 40,000 square feet of commercial space under development, showcasing their active role in the market. Their properties cater to various demographics, including conventional apartments and senior living communities, emphasizing their commitment to quality and tenant satisfaction. The company operates with a focus on comprehensive service delivery, ensuring that they meet the needs of both individual renters and businesses seeking commercial space.

22. The Terry Peterson Companies

• Website: terrypeterson.com
• Ownership type: Private
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1983
• Headcount: 11-50
• LinkedIn: the-terry-peterson-companies

The Terry Peterson Companies is a private home builder based in Virginia Beach, Virginia, specializing in residential construction in the Hampton Roads area. Established in 1983, the company has built a reputation for creating high-quality homes and communities that cater to the needs of homebuyers. With a workforce of 11-50 employees, they emphasize craftsmanship and customer satisfaction in their projects. The company has developed numerous residential communities, including single-family homes, townhomes, and condominiums, reflecting their commitment to innovative design and quality construction. In addition to residential projects, The Terry Peterson Companies also engages in commercial development and apartment projects, having built over 950 apartments. Their long-standing presence in the industry and focus on sustainable practices highlight their dedication to enhancing the quality of life for residents in the areas they serve.

23. Augustine Homes

• Website: augustinehomes.com
• Ownership type: Private
• Headquarters: Fredericksburg, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2008
• Headcount: 11-50
• LinkedIn: augustine-homes

Augustine Homes is a private homebuilder based in Fredericksburg, Virginia, specializing in luxury single-family homes. Established in 2008, the company has carved out a niche in the local real estate market, focusing on high-quality construction and customer satisfaction. Augustine Homes offers a variety of floorplans and move-in-ready options, catering to homebuyers looking for new housing solutions. Their projects include country estates and planned communities, primarily in Stafford County, Spotsylvania County, and Culpeper, Virginia. The company actively supports homebuyers with resources and guidance throughout the purchasing process, demonstrating a commitment to enhancing the homebuying experience. Augustine Homes also recognizes the contributions of military personnel and first responders through their Hero’s Welcome Home program, which provides financial incentives for these individuals. With a dedicated team of 11-50 employees, Augustine Homes continues to play a significant role in the local housing market.

24. The Cathcart Group

• Website: cathcartgroup.com
• Ownership type: Family Owned
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1984
• Headcount: 51-200
• LinkedIn: the-cathcart-group

The Cathcart Group, based in Charlottesville, Virginia, is a family-owned real estate development and management company that specializes in multifamily housing. Established in 1984, the company has evolved from acquiring small residential properties to becoming a regional developer of luxury apartments. They currently own over 2,100 units and manage more than 2,700 units, with an additional 271 units under construction and over 1,000 in the planning stages. The Cathcart Group is dedicated to enhancing community living through high-quality developments and exceptional property management services. Their commitment to sustainability and community integration is evident in their projects, which aim to redefine living spaces and improve lifestyles for residents. The company operates primarily in Virginia and has a strong focus on customer service, ensuring that both residents and property owners receive the highest standards of care and attention.

25. Paradigm Companies

• Website: paradigmcos.com
• Ownership type: Private
• Headquarters: Arlington, Virginia, United States (USA)
• Employee distribution: United States (USA) 98%, Other 2%
• Founded year: 1991
• Headcount: 201-500
• LinkedIn: paradigm-companies

Paradigm Companies, based in Arlington, Virginia, is a private firm specializing in real estate management, construction services, and development. Established in 1991, the company has built a reputation for managing multifamily and affordable housing projects, catering to property owners, investors, and residents alike. With a workforce of approximately 114 employees, Paradigm has successfully completed over 100 projects, managing more than 10,000 residential units across the Mid-Atlantic region. Their services span the entire lifecycle of real estate projects, from initial development and construction to ongoing property management. Paradigm is particularly noted for its commitment to affordable housing, ensuring that quality living spaces are accessible to a broad range of residents. The firm has also developed a strong understanding of innovative financing and smart growth design, which enhances its capability to deliver successful projects.

Real Estate Development Insights: Key Companies in Virginia

Want to Find More Real Estate Development Companies?

With Inven you'll also get to know the company's:

• Detailed Ownership: Who owns the company? Is it a public or private company? What is the ownership structure?
• Contact data: Who are the founders and CEO's? What are their emails and phone numbers?
• Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!