Drake Development
2–10 employees 10 principals
Last updated by Dawn
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 private commercial real estate development firm headquartered in Overland Park, Kansas. Founded in 2016 by Matt Pennington, the company has completed 10 years of continuous operations. The enterprise operates with a specialized, lean corporate workforce of approximately 12 real estate acquisition, project management, and leasing professionals. The corporation concentrates its business model on a full-service commercial platform across the retail, healthcare, entertainment, and mixed-use sectors. Its operational framework manages the entire asset lifecycle, including site selection, acquisition, planning, leasing, construction, and final asset disposition. The firm regularly utilizes public-private partnerships, collaborating with mid-sized municipalities to design dense, walkable mixed-use environments that combine residential housing, commercial retail, civic amenities, and public infrastructure. The organization's geographical footprint centers on high-growth submarkets throughout the Midwest. Drake Development executes individual property transactions and master-planned developments ranging in capital scale from 500,000 dollars to over 200,000,000 dollars. Its notable projects include a 70-acre, 180,000,000 dollar mixed-use community in Lee’s Summit, the redevelopment of a former Kmart site into a 361-unit multifamily complex with integrated retail, and a three-story vertical restaurant and commercial destination scheduled for final completion across the 2025–2026 calendar years.