Lantian Adding DC Office Under New Corporate Structure, Files $650M Shady Grove Plan
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Bethesda-based Lantian Development, a partner with 1788 Holdings on the 1.3M SF Shady Grove mini-city, is changing its corporate structure to help it expand to new markets and business lines.
Lantian Development has created a new affiliate, Lantian Partners, which will be based in DC and led by CEO Brian McLaughlin. It is working on a deal to lease space for its new DC office but cannot announce the location until it is signed. The Chinese-backed development company formed in 2014 and has purchased four plots of land in suburban Maryland ranging from 30 to 200 acres.
Lantian Partners will focus on long-term opportunities to grow the business while Lantian Development, led by CEO Bob Elliott, continues to be the primary development vehicle.
"It’s an opportunity for us to explore ideas about doing more work with the District, doing more work with EB-5, foreign capital, and at some point expanding down into other markets," Elliott said.
Elliott joined Lantian in July as chief operating officer after coming from WashREIT, where he was development director. Before WashREIT, Elliott held senior positions at Clark Enterprises and The JBG Cos. He said this experience master planning major mixed-use projects will serve him well on his next big project, Lantian's 1.3M SF Shady Grove mixed-use development.