HIP Projects, LLC

Development, Design & Management

Extraordinary Returns through Expertise


Fairchild, Germantown Town Center

Development, Design & Management

Extraordinary Returns through Expertise


Club Room


HIP Projects, LLC

HIP Projects, LLC is a full-service commercial real estate firm founded in 1988 by Peter and Leigh Henry. HIP offers a wide range of real estate investment services including acquisition, land use planning, development, construction management, leasing, and property management. HIP’s primary focus is on mixed-use developments with vibrant multifamily and residential components with public features and abundant amenities.

30+ Years

Founded in 1988 by Peter and Leigh Henry


More than $440 Million

Square Feet

5 million sq ft. of Development, 10 million sq ft. of Entitlements


NAIOP “Best Smart Growth Master Plan”, “Wildlife Management Award”, and Majestic “Planning Award”



Moroccan style, Mezzanine overlooks Main Lobby


Company Background

Located in Gaithersburg, MD, HIP Projects is a private, full-service, commercial real estate development firm that specializes in the entitlement, construction, and management of high-quality mixed use and multifamily residential projects. We specialize in acquisition, land use planning, financing, development, construction management, interior design, procurement and property management.


Fairchild Apartments
Spectrum Apartments
Spectrum Town Center
Century at Germantown Town Center (Coming Soon)


Paramount West

Elevated terrace overlooking a 7-acre Forest Preserve

Our Mission

Guided by core values of integrity, consistent improvement, community building and a commitment to excellence, our team seeks out uniquely located properties and develops durable, high-quality communities. We work closely with local jurisdictions to achieve common goals and enhance neighborhoods. As long-term investors, our focus is on developing projects designed to produce strong returns for investors and reoccurring cash flows.


Guided by Smart Growth principles, our in-house architectural team works closely with best in-class consultants to produce elegant mixed use projects featuring multifamily elements. We pay special attention to residential units and amenity design to enhance the tenant experience, foster resident retention, and create strong connected communities. Our land use and architectural design approach encourages rapid submission and careful tracking during the entitlement process. We collaborate with local jurisdictions and contractors and their subcontractors to create sustainable projects that enhance the value of the larger community.




For more than 30 years, we have focused on creating unique, sustainable mixed used, master-planned communities. Our approach begins with careful, sustainable, and sensitive land-use planning and project entitlement. Our meticulously designed mixed use projects are designed to embrace the larger community and provide engagement opportunities for local residents and workers.

We work hard to establish a sense of place within our communities through land use planning and landscape architecture. Our public spaces are designed to provide a “third place” away from home and work where the local community can exchange ideas, have fun, and build relationships. Whether a group of joyful children learning from each other while frolicking in the Spectrum’s 32-jet splash pad, college students exploring ideas over brunch at Barking Mad, young couples discovering a local band at Performers Park, or Spectrum residents telling stories about their homeland or their work, we celebrate human connection.

Our multi-family amenity spaces are designed for large community gatherings and more intimate get-togethers, all of which enables our resident to feel connected to the place they call home.


Spectrum, Gaithersburg, MD

Splash Pad, Retail, Restaurants, Performers Park

Land Use Planning and Entitlement

HIP Projects, LLC is a strong proponent of creating stronger communities through the successful collaboration on important public and private goals. This often takes the form of integration of transit or transportation facilities, parks, open spaces and flexible streetscapes into the projects, to provide both a successful environment and stable new tax base. Many of the firm’s projects are less than a mile from an existing or planned transit facility, permitting the intelligent concentration of density and services where the automobile is no longer essential for many trips.

Architecture & Design

Successful land use planning seeks out opportunities to create unplanned, unanticipated interactions between people – on the street, at a restaurant, passing through a park, or on the way to work – as a means of building community. This approach – a focus on building community – is a hallmark of the firm’s design philosophy.



Elevated Terrace, Fountain, LED Tree Lights

4Interior Design


Our design team specializes in interior architecture and design, interior architecture and FF&E procurement. Our expertise includes new construction, apartments, condominiums, and restaurants. We understand mixed-use development and multi- family entitlement, development, design and management.



Kitchen, Living Room, Two-Bedroom Unit

Interior Design


In-House Team

HIP Projects, LLC specializes in management of mixed-use developments and multi-family residential projects. We are skilled at lease up and management. Our in-house leasing, facility management, and porter teams manage and maintain communities where residents can enjoy life to the fullest. We create strong, connected communities and foster long-term relationship with our residents. For leasing information, contact 240.449.4895.

Our restaurant team developed and operates Barking Mad, which aims to create a memorable experience whether you are picking up a Barkuccino on the run, enjoying a Neapolitan-style pizza on the patio, or sipping a specialty cocktail in the bar. To Schedule a special event, contact 240.690.7003.


Performers Park

Paramount East & West, Barking Mad, Interactive Labyrinth Splash Pad, Live Music Concert

Multi-Family Property Management

HIP’s talented team works every day to exceed the expectations of owners, tenants and guests. We achieve high occupancy and resident retention rates even during difficult economic times by focusing on tenant relationships, outstanding service, prompt attention to maintenance requests and fostering a strong sense of community.

During summer months, our summer concert series draws musical lovers to the Spectrum’s outdoor venue, Performers Park. Featuring a 32-jet splash pad, artificial turf and free wi-fi, this is a favorite local gathering place.

In collaboration with Barking Mad, HIP also hosts “Meet the Candidate” events during election seasons as well as events for nonprofits aimed at increasing community awareness of issues and solutions.


Fairchild, Germantown Town Center

Coming Soon!

Spectrum Apartments

Spectrum is a vibrant mixed-use community featuring working, living, and playing options in a Gaithersburg, MD. Choose to live at Spectrum Majestic or Spectrum Paramount in a studio, one-, two-, or three-bedroom luxury apartment.

On-site dining and shopping options are within walking distance, and residents have access to each uniquely decorated apartment building’s plentiful amenities which include theaters, saline pools, 24/7 access fitness facilities, and a community library.

Enjoy the best Gaithersburg has to offer.

Fairchild Apartments

New luxury apartments at Century at Germantown Town Center with 212 units at 20013 Century Blvd, Germantown, MD. Located in the heart of Germantown Town Center. The Fairchild is within easy walking distance to BlackRock Center for the Arts, The Germantown Public Library, Top Golf, a Safeway, and a variety of restaurants and retail.

Barking Mad

Whether you want a vegan pizza, a vegetarian entreé, a fancy steak, a handmade burger and house cut french fries, or a special children’s menu, Barking Mad aims to please.

We have a gleaming open kitchen that features a hot-wood burning oven where diners can watch the magic happen. At Barking Mad, we believe in serving our guests the freshest, most flavorful ingredients that are healthy, sustainable, and delicious with every bite. Our rotating seasonal menu keeps our scratch kitchen inspired and our professional wait staff excited about sharing the new flavors of each dish.

Our outdoor patio which can seat 100 people. With overhead bistro string lights and glittering LED trees, you’re inclined to have a magical experience! We frequently host community events including resident events, nonprofit fundraisers, “meet the candidate” political gathers, and celebrations of all kinds.


Join our Team

HIP Projects, LLC is hiring! Submit an application and we will get back to you.

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Get in Touch


226 Spectrum Ave.
Gaithersburg, MD 20879



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