Our focus is to transform underutilized real estate into vibrant, sustainable communities, from Los Angeles to Philadelphia and anywhere in between, and to create memorable places with long-term value.
National Development has a track record of developing dynamic, vibrant, urban spaces that are targeted toward the pedestrian experience. Across the country, we develop a plan to activate the streetscapes in our projects to enhance the pedestrian experience.
East Market is a mixed-use, multi-phase redevelopment project encompassing an entire city block in the heart of Center City Philadelphia, PA. The project’s first phase is completed and includes 105,000 square feet of podium retail, 562 rental apartments, state-of-art digital and static signage, and 175,000 square feet of Class A warehouse office space above 21,000 square feet of ground-floor retail.
View Case StudyBuilt in 1973, the contiguous project consisted of a 32-story, 800,000-square-foot office building, an enclosed two-story 420,000-square-foot shopping mall (anchored by Macy’s), and a six-level parking structure with 2,000 parking spaces. The full block also included a 485-room hotel. In 2013, National and a local partner purchased the property. At purchase, the office building was only 56% leased and the retail component suffered from a lackluster mix of tenants and dated design. National Development and a local developer concepted a dramatic redevelopment plan, including renaming the project, The Bloc.
View Case StudyOriginally constructed in 1974, 100 Van Ness was a 28-story, Class B office building situated two blocks from City Hall. Its location straddles the Civic Center district of cultural and arts destinations and Hayes Valley, a walkable neighborhood filled with restaurants, bars, and boutiques. In 2008, NEBF provided an acquisition and development loan secured by the building, which was the headquarters of the California State Automobile Association and later took title to the collateral in January 2011. In 2012, National Development staff and a local partner began the design of an adaptive re-use of the building into a 418-unit apartment tower.
View Case StudyThe Stacks is a transformative, multi-phase 6+ acre development spanning two city blocks that will redefine residential living on Washington, D.C.’s Southwest Waterfront, creating a neighborhood with lively and welcoming street life and panoramic views overlooking the confluence of the Anacostia and Potomac Rivers, Virginia, and monumental D.C. Upon completion, The Stacks will be the heart of the Buzzard Point community, anchored by an urban park and neighborhood-serving retail offerings. The Stacks will also feature unique art programs, landscaped plazas, and pop-up exhibits that invite residents and the community to gather and return.
The design was inspired by historic D.C. neighborhoods and walkable communities across the world. Dubbed ‘The Corso,’ the project is situated around a gently curved pedestrian-only street running through the heart of the project that will guide people to and from the waterfront.
The two-million-square-foot mixed-use development project will bring residential, office, hotel, and retail to Buzzard Point. At full build-out, The Stacks will feature approximately:
The project is being developed by National Development and DC-based Akridge and is jointly owned by Akridge, Bridge Investment Group, Blue Coast Capital, and institutional funds managed by National Real Estate Advisors. Phase One is funded by construction lender Bank OZK.
View Case StudyWashington, D.C.
San Francisco, CA
San Francisco, CA
Los Angeles, CA
Philadelphia, PA
Philadelphia, PA
Philadelphia, PA
Philadelphia, PA
Philadelphia, PA
Philadelphia, PA
