Insights

Redevelopment Opportunity Fort Ritchie is a 591-acre redevelopment site with existing on-site infrastructure (water system, electric substation, community center) under PenMar Development Corporation, presenting cross‑selling potential for mixed-use, residential, and commercial tenants, utilities, and facility management services.

Venue and Events Lakeside Hall offers a historic wedding and event venue with capacity for large gatherings, signaling opportunities for hospitality services, event management, catering partnerships, and ongoing venue maintenance or modernization projects.

Residential Leasing Fort Ritchie Cascade provides 98 residential units (townhomes/duplexes) and community programs, suggesting upsell and cross-sell possibilities for property services, property management tech, energy efficiency upgrades, and local housing partnerships.

Public Instrumentality As a Maryland public instrumentality managing former military property, PenMar may be open to real estate development collaborations, public-private partnerships, and incentives that can align with developers, architects, and infrastructure developers seeking site access and approvals.

Financials and Scale Revenue range indicates a mid-market scale opportunity; partnerships with larger REITs or developers could unlock capital-intensive projects, advisory services, or shared-services arrangements to accelerate Fort Ritchie’s redevelopment plan.

PenMar Development Corporation Tech Stack

PenMar Development Corporation uses 2 technology products and services including Afternic, Apache, and more. Explore PenMar Development Corporation's tech stack below.

  • Afternic
    E-commerce
  • Apache
    Web Servers

Media & News

PenMar Development Corporation's Email Address Formats

PenMar Development Corporation uses at least 1 format(s):
PenMar Development Corporation Email FormatsExamplePercentage
FLast@fortritchie.comJDoe@fortritchie.com
100%

Frequently Asked Questions

What is PenMar Development Corporation's official website and social media links?

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PenMar Development Corporation's official website is fortritchie.com and has social profiles on LinkedIn.

What is PenMar Development Corporation's NAICS code?

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PenMar Development Corporation's NAICS code is 531 - Real Estate.

How many employees does PenMar Development Corporation have currently?

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As of July 2026, PenMar Development Corporation has approximately 1 employees across 1 continents, including North America. Key team members include Director Of Property Management: B. M.: R. S.. Explore PenMar Development Corporation's employee directory with LeadIQ.

What industry does PenMar Development Corporation belong to?

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PenMar Development Corporation operates in the Real Estate industry.

What technology does PenMar Development Corporation use?

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PenMar Development Corporation's tech stack includes AfternicApache.

What is PenMar Development Corporation's email format?

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PenMar Development Corporation's email format typically follows the pattern of FLast@fortritchie.com. Find more PenMar Development Corporation email formats with LeadIQ.
PenMar Development Corporation logo

PenMar Development Corporation

Real EstateMaryland, United States1 Employees

PenMar Development Corporation operates as a state public instrumentality focused on redeveloping Fort Ritchie in northeastern Washington County, Maryland, for civilian use after the base closed in 1998. Based in Cascade, the organization manages a 591-acre site that includes on-site buildings, a water system, an electric substation, and a community center. Its ownership history includes a 2006 transfer of Fort Ritchie from the Army to PenMar, a sale to Corporate Office Properties Trust for mixed-use development the following day, and PenMar regaining ownership in 2012. The site currently hosts a Tudor-style lakeside wedding venue, Lakeside Hall, a residential district with 98 townhouses or duplexes, and the Fort Ritchie Community Center offering programs for residents and visitors. PenMar's purpose is to convert a former military installation into civilian uses, with offerings that serve event organizers, families, and local organizations in the Cascade area. As a public instrumentality operating in the real estate sector, the organization administers a historic site with public access features and ongoing community activities.

Section iconCompany Overview

NAICS Code
531 - Real Estate
Employees
1

Section iconMedia & News

Section iconFunding & Financials

  • $1M$10M

    PenMar Development Corporation's revenue is estimated to be in the range of $1M$10M

Section iconFunding & Financials

  • $1M$10M

    PenMar Development Corporation's revenue is estimated to be in the range of $1M$10M

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