Selecting Prime Sites
Our premier sites are chosen after a thorough review to determine the best use of the property. We make sure the project meets market demand as well as the long-term needs of the local community.
Involving the Community Early
We ensure each development will enhance the community it serves by including local leaders, elected officials, and appropriate government representatives early in the development process.
Captivating Consumers with Retail Stars
We understand what consumers want, and we perform an exhaustive analysis that leads to an unparalleled customer experience. Our team works with successful retailers to create a complementary tenant mix with a dynamic lifestyle destination.
Choosing the Right Experts
We select the most qualified, imaginative and experienced consultants to help create our premier properties, including, but not limited to, architects, land planners, traffic engineers, environmental specialists, attorneys, brokers and contractors.
Walt Petrie’s vision and retail industry leadership is supported by a blue chip team that excels in every phase of the leasing and development process.
Our senior leadership team has deep experience with America’s leading real estate enterprises, architectural, engineering and construction firms, national retailers, and in government and community relations. With an accountable team and less bureaucracy, we can deliver faster responses and results for all of our services: Leasing, Development and Property Management.
Walt H. Petrie
Chairman, Founding Partner
Our Chairman, Walt H. Petrie, is a founding partner with a reputation that is unmatched in retail development. For more than thirty years, he’s been the driving force behind many of the most successful properties in the nation, turning them into thriving landmarks of economic activity. In addition to managing his own development companies for many years, Walt has held leadership positions at The May Company and The Taubman Company.
At Petrie Richardson Ventures, Walt oversees corporate relations, leasing, financing, pre-development efforts and evaluates new real estate opportunities. Walt envisions what can be accomplished – and leads the team to make it a reality.
Terry L. Richardson
President, Chief Operating Officer & Founding Partner
Terry L. Richardson, our President and Chief Operating Officer, is also a founding partner, who is deeply involved in all aspects of the venture, including acquisitions, dispositions, leasing, development, construction, finance and property management. He also manages the day-to-day operations for the firm, including company-wide strategies and systems.
Terry has 30 years of experience in design and construction of retail development projects. Prior to joining Walt Petrie to form PRV, Terry served as Owner and General Manager of Lane Engineering, a mid-Atlantic based development services and civil engineering firm and as a Construction Project Manager of the international consulting firm Dames and Moore.
Christian T. Duffy
Partner and Director of Development
Chris Duffy joined Petrie Richardson as Director of Development in 2007 and in January, 2015 was named a Partner of Petrie Richardson Ventures, LLC. Chris oversees the day to day construction and development projects. He also leads project budgeting as well as acquisition due diligence and underwriting. Chris Duffy has 20 years of experience in acquisition/mergers, entitlement, development, and construction.
Amy T. Harrison, CPA
Partner and CFO
Amy Harrison joined Petrie Richardson Ventures as Chief Financial Officer in August, 2008 and in January, 2015 became a partner in Petrie Richardson Ventures, LLC. Amy Harrison is responsible for the oversight of all financial matters, including reporting, budgeting, modeling, forecasting, financing, tax, cash management and human resources. Amy has 30 years of experience in commercial and residential real estate development, construction and management for both public and private companies. She is a 1982 graduate of The Robert H. Smith School of Business at the University of Maryland, College Park and has been a CPA since 1990. Prior to her employment at Petrie Richardson, Amy worked for Lennar, K. Hovnanian, Bob Ward Companies, Chateau Builders and Sigal/Zuckerman. Amy resides in Annapolis, Maryland with her husband and two sons.
Warren "Bud" Duckett III, Esq.
Partner and General Counsel
Bud Duckett joined Petrie Richardson as Vice President and General Counsel in July 2009, and in January 2015 was named a Partner of Petrie Richardson Ventures, LLC. He is responsible for overseeing, managing and documenting all of the firm’s legal affairs and corporate matters. Prior to joining Petrie Richardson Ventures, Bud practiced law at the law firm of MulreninFrances, P.A. in Annapolis, Maryland and Whiteford, Taylor and Preston, L.L.P. in Baltimore, Maryland. Bud graduated from the University of Baltimore School of Law in 1998 and the University of Maryland, College Park in 1989. He lives in Annapolis, Maryland with his wife, Joan, and four children, Bird, Chase, Lucy and Oden.
Involving the Community
Petrie Richardson properties are special gathering places that become integral to the fabric of community life. This comes from being both responsive and responsible throughout the development process as we partner with local areas and their communities.
We involve and engage community leaders and government representatives at the earliest stages of development. We meet often, we listen, and we follow through on the good ideas that develop through the dialogue.
Caring About the Environment
Being environmentally aware is a priority. We preserve sensitive areas whenever possible, utilize state-of-the-art stormwater management technologies, introduce greenscapes, and incorporate attractive features such as fountains and promenades that enhance the beauty and long-term value of the property.
At Petrie Richardson Ventures, we also give back to the communities we serve by supporting various deserving educational, environmental and healthcare programs and providers.