Development Portfolio

One Standard, Every Project Type

Rashid Salem's portfolio ranges widely — from historic rowhouse renovations in some of Washington, DC's most established neighborhoods to large mixed-income communities built around public transit, to hospitality-branded towers on the water. What ties it together is a belief that "affordable" and "well-built" aren't in tension: every project, regardless of asset class, goes through the same rigorous planning, design, and construction process.

Historic Washington, DC

Before Petra Development scaled into large mixed-use work, Rashid built his reputation restoring historic properties in Georgetown, Kalorama, Capitol Hill, Stanton Park, Cleveland Park, Mass Avenue Heights, Adams Morgan, the H Street Corridor, and U Street. Each neighborhood came with its own preservation requirements and architectural character, and notable projects from this period — including luxury residences on Prospect Street in Georgetown and the Yellow Jasmine condominiums in Kalorama — required careful structural work and design coordination that established the execution standard Petra still holds today.

Transit-Oriented & Mixed-Income Communities

Locating housing near public transit isn't incidental to Rashid's strategy — it's deliberate, built on the idea that residents shouldn't need a car to get to work, school, or the grocery store. National View, a 21-acre, $720 million mixed-use community in Prince George's County, Maryland, delivers roughly 1,500 residential units — including senior affordable housing — alongside a grocery store, daycare, retail space, and a police station, all steps from a Metro station. Nearby, Southern Avenue follows the same model on a smaller, 15-acre scale: mixed residential paired with neighborhood retail and a full-service grocer.

Luxury & Hospitality

On the other end of the spectrum, Bay Park Miami is a 60-story, 320-unit branded luxury condominium on 4.7 acres of direct waterfront along Biscayne Bay, delivering hotel-grade amenities and service in a residential setting. In Frisco, Texas — one of the fastest-growing cities in the country — Petra Park is a 1.4 million-square-foot, zero-energy mixed-use development moving through five phases through 2027, ultimately bringing 210 residential units, 225 hotel keys, and 900,000 square feet of office space to the market.

Across all of it — historic renovation, transit-oriented housing, or waterfront luxury — Rashid applies the same discipline: build it right, plan for the long haul, and deliver something that holds its value for the people who live there.