our leadership

Company Summary

Phillips Development & Realty, LLC (PDR) is a full spectrum real estate development company headquartered in Tampa, FL.  PDR chooses projects with the interest of communities, the environment, and investors in mind.  PDR is an established leader in the multifamily and storage development industry, building and managing innovative and progressive projects throughout the Southern United States.

Planning upscale residential and mixed-use developments, our team is experienced with urban infill and strives to help communities grow consistently with strategic plans. We responsibly develop sustainable multifamily projects which minimize environmental impact while enhancing function, livability, technology, and aesthetic design.

PDR selects desirable, often challenging project sites, resulting in superior return on investment. Our highly skilled team identifies locations in distinctive top markets with promising characteristics. We take pride in learning about each community in which we build, adding to ultimate product value and fulfillment.

Award winning and recognized in all facets of the real estate and development industry, PDR is committed to consistently exceeding industry standards. We are dedicated to providing unparalleled quality, service, and satisfaction to residents and investors alike.

Our History

The foundation of the company started in 1986 in North Carolina as Don Phillips was working for Hock Development focusing on office and medical facilities.  In 1994, Phillips left Hock Development to start his own company. His first major transaction was developing a $10.6 million dollar multi-purpose indoor sports complex. In the succeeding five years, he developed various commercial and residential projects until formally organizing Phillips Development & Realty (PDR) in 1999 to focus exclusively on the multifamily niche. Among its credits, PDR has been recognized for championing properties that many would overlook due to site challenges. In 2003, the company relocated its Corporate Headquarters to Tampa, FL while maintaining satellite offices in North Carolina.   The company continued to grow, and in 2008 PDR was named 11th largest multifamily builder in the US.   PDR has continued to thrive in some of the toughest real estate markets experienced in history.  PDR employs the most current and advanced systems to ensure a seamless transition of each development from initial site selection to stabilization. Through the planning of upscale residential and mixed-use developments, PDR helps communities grow wisely.  With $700M in development completed to date, PDR is diversified with proven expertise in acquisition, finance, development, construction, construction management, product supply, and property management.

Our Target Areas

Phillips Chatham Pointe Phase 2

2025 Swift Commons Ln, Cary, NC 27513

Research Triangle Park

12 Davis Dr, Research Triangle Park, NC 27709

Phillips Mallard Creek

655 W Mallard Creek Church Rd, Charlotte, NC 28262

Parkside of One Bayshore

275 Bayshore Blvd, Tampa, FL 33606

Chatham Pointe Phase 1

2025 Swift Commons Ln, Cary, NC 27513

3400 Selwyn

100 Matador Ln, Charlotte, NC 28209

Casa Bella on Westshore

6601 S West Shore Blvd, Tampa, FL 33616

Mosaic on Hermann Park

5927 Almeda Rd, Houston, TX 77004

Phillips International Drive

2223 N West Shore Blvd, Tampa, FL 33607

Phillips McKinney Ranch

4700 Ridge Rd, McKinney, TX 75070

Cape Coral

3514 Chiquita Boulevard, Cape Coral, FL 33914

Long Lake Ranch

State Road 54 and The Suncoast Parkway, Lutz, FL

Phillips University Center

1421 Baseline Road, Charlotte, NC 28262

Tuscano at Suncoast Crossing

1710 Villa Capri Cir, Odessa, FL 33556

Park at Clearwater

800 Churchill Downs Dr, Aberdeen, NC 28315

Draymoor Manor

Ashford Park Dr, Raleigh, NC 27613

Brentmoor Apartments

2080 Brentmoor Dr, Raleigh, NC 27604

Durham YMCA

218 W Morgan St, Durham, NC 27701

Triangle Sportsplex

101 Meadowlands Dr, Hillsborough, NC 27278

Sur Club

34th Ave S St. Petersburg, FL 33711

Brier Creek Storage

7620 ACC Blvd Raleigh, NC 27617

Gas Worx

1400 Channelside Dr Tampa, FL 33602

Brandon Crossroads

9527 Delaney Creek Boulevard, Tampa, FL 33619

Villas at Mallard Creek

1840 Ripple Way, Charlotte, NC 28262