| MARLYN DEVELOPMENT CORPORATION |
Marlyn Development Corporation (MDC) was founded in 1983 following three successful years of custom home building as Marlyn Construction Company.
Since its inception, MDC has completed over 4,000 new housing units and 1,200 renovated units. Our construction experience includes for-sale homes,
townhomes and condominiums as well as new and renovated apartment complexes. These and projects currently under construction have provided MDC
with over $200,000,000 of construction expertise, demonstrating our longevity in an often rapidly changing real estate environment.
MDC is a member of the Tidewater Builders Association, National Association of Home Builders, NCMHI, and serves on an advisory committee for the
NAHB. MDC has developed considerable experience in the development and construction of Low Income Housing Tax Credit (LIHTC) projects in both
Virginia and North Carolina, acting as both joint venture partner and general contractor in a large number of these projects. In addition, MDC has worked
with HUD lenders and developers to complete HUD-financed projects from start to finish.
MDC has won both statewide and national recognition for a number of projects. Eastwyck Village Apartments, an MDC-built property in Virginia Beach, won
Dominion Virginia Power Company’s EFI Award for energy efficient construction. Two of MDC’s projects, Arbor Lake Apartments and Summerland Heights
were national finalists in Builder Magazine’s construction design competition. In 2001, South Beach, an MDC-built high-end apartment complex of 212 units
located only blocks from the oceanfront was named “Outstanding Residential Development” by the City of Virginia Beach Planning Commission. In 2003,
Shorewood Cove, an MDC-developed and built tax credit property, won the Tidewater Multifamily Housing Council’s Award, in cooperation with Tidewater
Builder’s Association, for excellence in Senior Housing. In 2004, the Peninsula Builders Association awarded Baily Park, an MDC-developed community in
Hampton, Virginia the “Best Community for 50 to 100 homes”. The following year our elderly project in Hampton, Sinclair Commons, won the “Senior
Community of the Year”.
That same year another elderly project in Virginia Beach, Lynnhaven Cove, won the “Exceptional Residential Development” from the City of Virginia Beach.
Whether serving as joint venture partner or general contractor, MDC strives to meet both budget and time expectations. MDC’s commitment to customer
satisfaction combined with our expertise in value engineering has led to a number of long-standing business partnerships and a highly regarded reputation
in the construction community.
Our twenty years of construction experience, a solid understanding of federal, state and local programs, plus a collaborative team approach to construction
management helps the Owner or Developer achieve its goals while building projects that are both cost efficient and attractive. Our commitment to owner
satisfaction enabled MDC to be named to the Professional Builder magazine “PB Giants” list of the Top 400 Builders in the country on several occasions.
As either Developer/Owner or General Contractor, MDC’s philosophy remains constant: building quality builds a solid investment.
From the conceptual phase of each project, including negotiations with financial institutions or joint-venture partners, MDC maintains a hands-on approach
throughout all stages of the development process. Whether developing luxury, market-rate or affordable apartments, we are committed to creating long-
term investments that have the potential to achieve maximum value for everyone involved. MDC works with state and local governments and both tax credit
or tax-exempt bond programs to help combine various forms of debt and equity financing. Our expertise helps the Owner/Developer build market-quality
communities at the most economical cost.
HISTORY |
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