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Paramount Development

11–50 employees 1 principals

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Last updated 2mo ago

About Paramount Development

Paramount Development is a real estate operator. Paramount Development operates in Washington DC. Its investment focus is on Affordable Housing, Condominiums and Hospitality.

Paramount Development LLC has operated in Washington, D.C. since November 2007. Founded and led by Benjamin M. Soto, Esq., the firm has built a portfolio of luxury hotels, residential buildings and commercial mixed‑use projects. Soto has over 20 years of real estate experience, investing locally since 1998. The company has developed major projects including the $1.9 billion Wharf (The Waterfront) redevelopment spanning 27 acres and more than 50 acres of riverfront land. That project includes 140,000 sq ft of retail, a 135,000 sq ft entertainment venue, three hotels, 650 apartments and 225 condominiums. Other developments include the 10‑story Hyatt Place Hotel completed in December 2015, featuring 214 rooms plus a fire station in one building.

Principals at Paramount Development

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1 principal on file

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Recent activity at Paramount Development

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Paramount Development's project portfolio

4 projects on file · Mixed-Use (3), Multifamily (1)

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Every development in this GP's portfolio — location, unit count, square footage, and build status — plotted on an interactive map.

Markets and themes

Markets Paramount Development operates in

  • Washington DC

Investment themes at Paramount Development

  • Affordable Housing
  • Condominiums
  • Hospitality
  • LIHTC
  • Multifamily - Ground-up

Capabilities

  • Construction Management
  • Custom Homes
  • Environmental Remediation
  • Site Development

Operators similar to Paramount Development

  • Poverni Sheikh Group
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  • Vive Development
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  • Somerset Development Company
    Mid-market tierWashington DCLIHTCAffordable Housing+1 more theme
  • Vermilion Development
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  • Spandrel Development Partners
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  • 3 Leaf Holdings
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  • BUILD
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  • Cal-Coast
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  • Pine Street Group L.L.C. (PSG)
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  • Project^
    Mid-market tierAffordable HousingHospitality+2 more themes

Frequently asked questions about Paramount Development

What does Paramount Development do?
Paramount Development LLC has operated in Washington, D.C.
What markets does Paramount Development operate in?
Paramount Development is active in Washington DC.
How many employees does Paramount Development have?
Paramount Development has 11–50 employees.
Paramount Development cover image

Paramount Development at a glance

Tier
Mid-market
Operator type
Developer, Owner
Headcount
11–50
Units owned
<1,000
Units managed
<1,000
Property mgmt
Self-Managed
Markets
1
Principals
1

Contact Paramount Development

3407 14th Street NW Washington, DC 20010
www.paramountdevelopmentllc.com