The following family-owned businesses are real estate, and development companies have made their mark in land development and preservation in Washington D.C.:
Frank Haney founded the FLH Company and had developed billions of dollars’ worth of real estate in the D.C. area. Developing the city’s affluent suburbs. FLH Company is family-owned and has developed more than $10 billion and 15 million square feet of space and maintained its management office in Washington, D.C.
In 1952, Ted Turner $250 borrowed from his wife who set the stage to be a prominent developer in Washington, DC City proper. Lerner Enterprises developed Tysons Corner Center which is the biggest mall in the Washington, D.C. area and the fifth largest in the United States.
Donohoe Development Company (DDC)
In 1884, Donohoe Development developed many properties in the Washington metropolitan area, including Georgetown Park, along with several Washington D.C. hotels The Donahue Development Company started as a corner store on Washington’s’ Capitol Hill and now has grown into five associated businesses that have developed buildings in Washington D.C. for over 125 years.
In 1947, the Abramson family founded the Tower Companies. The Tower Companies were recognized for sustainable development by the U.S. Environmental Protection Agency, U.S. Green Building Council, U.S. and the Department of Energy. The Tower Companies seek to inspire and enrich the lives of their occupants, to improve their health and well-being and sustain their environment.
Since 1885, Carr Properties had been involved in Washington D.C. In 2006, the family, for over $6 billion, sold their Real Estate Investment Trust to the Blackstone Group. Carr Properties developed prominent properties such as the International Square and Metropolitan Square.
The Peterson Company
The Peterson Company was founded in 1970 by Milt Peterson and has concentrated on the development of suburban Washington, developing billions of dollars in properties.
As a result, the Washington area has enjoyed long term growth and affluence employing over 150 people.
In 1985, Douglas Jemal founded the Douglas Development. For over thirty years, Douglas Development concentrated on redevelopment projects in Washington D.C. Douglas. Its specialty is revitalizing underdeveloped and, emerging areas. Douglas Development has received the District of Columbia Awards for Excellence in Historic Preservation.
Some of the celebrities that live in the Washington, D.C. area are Bill and Hillary Clinton, Barack Obama, Ivanka Trump and Jeff Bezos.