Summit Development
Summit Development is a privately held real estate development company that was established in 1982 and has completed 107 projects, totaling more than 8.0 million square feet of commercial real estate. The firm's headquarters is located in Southport with additional offices in Danbury, CT and Tavernier, Fl. The company invests in an array of asset classes, including retail, office, industrial, residential (affordable, multifamily, and townhomes), marinas, hotels, and airports. Summit has been capitalized by many well-known institutional capital sources including private equity, hedge funds, investment banks and family offices throughout its 43 years. In addition to Summit’s value add real estate activities, Summit has successfully purchased in excess of $315 million in non-performing bank loans secured by commercial real estate from 2010-2019
