Drake Development

About Drake Development

Drake Development is a real estate operator. Drake Development operates in Albuquerque, New Mexico, Kansas City, Missouri-Kansas and Oklahoma City, Oklahoma. Its investment focus is on Covered Land & Land Banking, Hospitality and Infrastructure.

Drake Development is a commercial real estate development firm headquartered in Overland Park, Kansas. Founded in 2016 by Matt Pennington, the company has operated for 10 years within the regional property sector. The firm specializes in a full-service commercial platform spanning the retail, healthcare, entertainment, and mixed-use sectors. Its integrated operations manage the complete asset lifecycle, including site selection, acquisition, planning, leasing, construction, and asset disposition. Partnering with mid-sized municipalities, the enterprise focuses on delivering dense, walkable environments that combine residential housing, commercial retail, civic amenities, and infrastructure. Its regional portfolio features large-scale master-planned community revitilizations and mixed-use destinations across the American Midwest.

Principals at Drake Development

Recent activity at Drake Development

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Drake Development's project portfolio

6 projects on file · Mixed-Use (4), Multifamily (1), Office (1)

Markets and themes

Markets Drake Development operates in

• Albuquerque, New Mexico
• Kansas City, Missouri-Kansas
• Oklahoma City, Oklahoma
• Omaha, Nebraska
• Tulsa, Oklahoma

Investment themes at Drake Development

• Covered Land & Land Banking
• Hospitality
• Infrastructure
• Medical Office & Healthcare
• Multifamily - Ground-up
• Placemaking
• Standalone Retail

Capabilities

• Construction Management
• Economic Development
• Mixed Use
• Public-private partnerships
• Site Development
• Transit-oriented development

Operators similar to Drake Development

• SHOP Companies
  Established tierTulsa, OklahomaOklahoma City, Oklahoma+1 more marketMedical Office & HealthcarePlacemaking+3 more themes
• Edge Realty Partners
  Established tierOklahoma City, OklahomaKansas City, Missouri-Kansas+1 more marketMedical Office & HealthcareMultifamily - Ground-up+2 more themes
• Henry S. Miller
  Established tierAlbuquerque, New MexicoOklahoma City, OklahomaMedical Office & HealthcareHospitality+3 more themes
• Oppidan Investment Company
  Established tierOmaha, NebraskaKansas City, Missouri-KansasMedical Office & HealthcareInfrastructure+2 more themes
• Ellicott Development Company
  Established tierCovered Land & Land BankingStandalone Retail+4 more themes
• Saunders Construction
  Established tierStandalone RetailMedical Office & Healthcare+4 more themes
• LANE4 Property Group
  Established tierOmaha, NebraskaKansas City, Missouri-KansasStandalone RetailMedical Office & Healthcare+2 more themes
• The Sports Facilities Companies
  Established tierOklahoma City, OklahomaKansas City, Missouri-Kansas+1 more marketStandalone RetailHospitality
• WMG Development
  Established tierOmaha, NebraskaAlbuquerque, New Mexico+2 more marketsStandalone Retail
• The Keith Corporation
  Established tierKansas City, Missouri-KansasStandalone RetailMedical Office & Healthcare+2 more themes

Frequently asked questions about Drake Development

What does Drake Development do?

Drake Development is a commercial real estate development firm headquartered in Overland Park, Kansas.

What markets does Drake Development operate in?

Drake Development is active in Albuquerque, New Mexico, Kansas City, Missouri-Kansas, Oklahoma City, Oklahoma, Omaha, Nebraska, and Tulsa, Oklahoma.

How many employees does Drake Development have?

Drake Development has 2–10 employees.