PDC
PenMar Development Corporation
About the Company
The PenMar Development Corporation was established as a public instrumentality of the State of Maryland in May 1997. Its purpose is to oversee the development of Fort Ritchie, a U.S. Army base which closed in 1998, for civilian uses. Located in the northeastern corner of Washington County, Maryland (near the Pennsylvania border), the Fort is being redeveloped by the PenMar Development Corporation.
On October 4, 2006, the U.S. Army transferred ownership of Fort Richie to the PenMar Development Corporation. The following day, the Corporation sold it to Corporate Office Properties Trust for mixed-use development. Effective July 24, 2012, however, the Corporation regained ownership of the site, which holds 591 acres of land, including on-site buildings, a water system, electric substation, and a community center.
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