Who we are

Allen Development is led by Steven Siegel, an industry veteran and proven entrepreneur with a successful track record building and leading teams on large-scale, high-impact public-private development projects over the last 30 years.

Mr. Siegel is a nationally recognized public-private partnership and economic development expert, and real estate developer who has helped cities structure and deliver some of the most ambitious and transformative urban redevelopment projects in the United States.

Mr. Siegel has successfully executed numerous large-scale, complex, and impactful projects in the mid-Atlantic region benefiting local communities by generating employment opportunities, increasing municipal tax revenue, and stimulating growth and prosperity.

Over more than three decades working across both government and the private sector, he has advised on and led the execution of more than $5 billion in mixed-use development and structured over $1 billion in municipal financing tools—including TIF, PILOT, special tax districts, and other innovative capital solutions.

In the late 2000’s, Mr. Siegel played an integral role building momentum in the resurgence of Washington, DC following the 2008 downturn through his shaping, oversight, and direct and targeted implementation of the District’s $13 billion real estate and economic development efforts while serving Mayor Adrian Fenty.

Over the past decade, Mr. Siegel successfully led the execution of the Port Covington project (now Baltimore Peninsula) – the largest urban revitalization effort in the US. Spanning two exits on I-95, the 18 million square foot, 45-block located in Baltimore, MD will add nearly 50% to the City’s urban core, create tens of thousands of jobs, and hundreds of millions of tax revenue to the City of Baltimore.

The company has a deep understanding of what it takes to successfully harmonize community, politics, sustainability, and inclusivity while driving investment value.

Mr. Siegel graduated from Lehigh University in 1994 with a B.S. in Materials Science and Engineering.