Future Projects | $350M+ Development Pipeline | Sikora Development
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Future Projects

Multifamily, short-term rental resort, and luxury single-family developments under construction or in late-stage development, with a combined projected value in excess of $350 million.

Active Pipeline

Seven projects across three states.

$350M+Projected ValueCombined projected value of projects under construction or in late-stage development.
378UnitsMultifamily apartments, urban townhomes, and short-term rental resort units.
101LotsGulf-front, estate, and luxury subdivision homesites across four developments.
Project Pipeline

Under construction and late-stage development.

Seven projects across Maryland, Florida, and Tennessee. Filter by asset type or review the full pipeline summary below.

MultifamilyUnder Development

Jennifer Road

Annapolis, Maryland

210-unit apartment community currently under development. County final approval is pending.

210Units
$90MProject Cost
$140MProjected Exit
Urban TownhomesDevelopment Stage

Defense Highway

Parole Town Center, Maryland

20 urban 4-story townhome units in the development stage. Vertical construction is targeted for summer 2028.

20Townhomes
$15MProject Cost
$22MProjected Exit
Short-Term Rental ResortReady for Vertical

Sevierville Resort

Smoky Mountains, Tennessee

148-unit short-term rental resort. The project was acquired and redeveloped to increase density and optimize the unit mix. Site work is complete and the project is ready for vertical construction. Amenities are currently in the design and permitting phase. A national builder is under contract for the townhome vertical component, with the amenities and condominium vertical to be executed in-house.

148Units
$63MProject Cost
$90MProjected Exit
Gulf-Front Lot PortfolioUnder Development

St. George Island & Indian Pass

Florida Panhandle

51-lot gulf-front portfolio currently under development. Heron's Crossing on St. George Island anchors the portfolio with gulf-front and gulf-view homesites along Nella Nook.

51Gulf-Front Lots
$85MProject Cost
$120MProjected Exit
Estate Lot SubdivisionRecord Plat Stage

Leonardtown

Leonardtown, Maryland

13 estate lots at record plat stage. Site work is scheduled to begin in 2027.

13Estate Lots
$11MProject Cost
$15MProjected Exit
Luxury SubdivisionUnder Development

Gulf Shore Manor

Santa Rosa Beach, Florida (30A)

Pelayo (12 lots) and Santa Clara / Montigo (19 lots) currently under development. Construction is scheduled to begin in early 2027.

31Lots in Two Phases
$60MProject Cost
$108MProjected Exit
Luxury Single-FamilyUnder Construction

West Shore

West Shore, Florida

Six lots currently under construction, with completion targeted for spring 2027.

6Lots
$8MProject Cost
$10MProjected Exit
Pipeline Summary

At a glance.

Project cost and projected exit value as currently underwritten. Figures are subject to change as entitlements and market conditions evolve.

Project
Type
Scale
Project Cost
Projected Exit
Status
Jennifer RoadAnnapolis, Maryland
Multifamily
210 units
$90M
$140M
County final approval pending
Defense HighwayParole Town Center, Maryland
Urban Townhomes
20 units
$15M
$22M
Vertical targeted summer 2028
Sevierville ResortSmoky Mountains, Tennessee
Short-Term Rental Resort
148 units
$63M
$90M
Site work complete, ready for vertical
St. George Island & Indian PassFlorida Panhandle
Gulf-Front Lot Portfolio
51 lots
$85M
$120M
Under development
LeonardtownLeonardtown, Maryland
Estate Lot Subdivision
13 lots
$11M
$15M
Site work begins 2027
Gulf Shore ManorSanta Rosa Beach, Florida (30A)
Luxury Subdivision
31 lots
$60M
$108M
Construction begins early 2027
West ShoreWest Shore, Florida
Luxury Single-Family
6 lots
$8M
$10M
Completion spring 2027
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