Insights

Historic redevelop PenMar manages 591 acres at Fort Ritchie with on-site buildings and facilities suitable for mixed-use development, presenting a potential opportunity to supply or upgrade civilian infrastructure, commercial spaces, or community services aligned with redevelopment goals.

Wedding venue Lakeside Hall offers a Tudor-style historic venue with capacity for ceremonies and receptions, indicating sales potential for event services, hospitality partners, and local vendor programs targeting weddings and corporate functions.

Residential complex Fort Ritchie Cascade includes 98 townhomes or duplexes and a community center, suggesting opportunities in property management services, maintenance contracts, amenities partnerships, and resident-focused programs.

Public sector legacy As a Maryland public instrumentality with a history of Army transfer and transfer back, there may be procurement avenues for government-friendly real estate services, public-private partnerships, and incentive-aligned development projects.

Revenue lever Current revenue range indicates modest scale; potential buyers or partners could be attracted by bundled real estate services, technology-enabled property management, and campus-style development or rebranding opportunities to expand monetization.

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

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.

How much revenue does PenMar Development Corporation generate?

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As of August 2026, PenMar Development Corporation's annual revenue is estimated to be $1M - $10M.

What is PenMar Development Corporation's SIC code NAICS code?

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PenMar Development Corporation's SIC code is 6531 - Real Estate Agents and Managers NAICS code is 531 - Real Estate.

How many employees does PenMar Development Corporation have currently?

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As of August 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 States0-1 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

SIC Code
6531 - Real Estate Agents and Managers
NAICS Code
531 - Real Estate
Employees
0-1

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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