Douglas Development is a privately held, family-owned real estate owner, operator, and developer founded in 1985 by Douglas Jemal. The firm specializes in acquiring and redeveloping underutilized or distressed assets in urban corridors, with particular emphasis on historic preservation and adaptive reuse projects. The company's portfolio spans office, retail, residential, hospitality, industrial, and parking facilities across the Mid-Atlantic and Northeast regions. Douglas Development has built its reputation through complex redevelopment projects that emphasize historic architecture and neighborhood revitalization, positioning itself as a catalyst for urban renewal in emerging markets. The firm operates more than 270 properties across seven states and the District of Columbia, totaling over 19 million rentable square feet and 3,600 residential units. The Washington DC metropolitan area represents the core of its holdings, with additional market penetration in Buffalo and Syracuse, New York; Richmond, Virginia; and select markets in Maryland, Pennsylvania, New Jersey, and Delaware. The company's investment approach centers on long-term ownership and value-add repositioning through hands-on management, historic tax credit structures, and close collaboration with municipal authorities on complex entitlement and permitting processes. Douglas Development's portfolio mix reflects its diversified asset strategy, with approximately 4.1 million square feet of office space, 3.9 million square feet of retail, and a growing hospitality platform that includes boutique hotels and limited-service properties in urban core locations. The firm's residential component has expanded through adaptive reuse conversions of historic office buildings into multifamily and mixed-use developments. Recent activity includes the December 2024 acquisition of the Dominion Building in Richmond for $19.5 million, a 340,000-square-foot office tower slated for conversion into 200 hotel rooms and 290 apartments.