King Farm

Rockville, MD

The Penrose Group owes some of its success to projects like King Farm in Rockville, MD. The 450-acre parcel was a dairy farm surrounded by suburban development and a new Metro stop (Shady Grove on the Red Line) two blocks away. The Penrose Group patiently pursued the land for five years before negotiating a deal to buy it for more than $30 million.

King Farm today is a planned community with over 9,000 residents in 3,200 housing units, one million square feet of office space and a shopping center as well as parks, ponds and bike trails. The family barn was renovated into a cultural center.