Incorporated in 1963 in the State
of Maryland, Pettit & Griffin, Inc. started
their first single family project consisting of 19 homes on April
1, 1963 with six employees, including its founders, John H. Pettit
and Howard D. Griffin, Jr.. Mr. Pettit and Mr. Griffin concentrated
on development in Prince George's County and as a team developed and
sold more than 850 units in their first ten years of operation.
In 1972 the company repurchased Mr.
Griffin's stock as he retired due to illness. Mr. Griffin passed away
in May of 1976 and we keep his memory with us and in our corporate
name. Over the next 20 years the company grew into one of the premier
mid-sized development companies in the Washington Metropolitan area.
Annual sales in excess of 25 million were recorded in 1988 and 1989,
when the company employed 120 persons. Operations were scaled back
in the early 1990's due to economic conditions. The firm is now sized
to compete effectively in the regional market place.
Pettit & Griffin. Inc. is the
developer of Flower Hill Subdivision, a mixed use, residential and
commercial project in Gaithersburg, Maryland. Flower Hill has over
2025 residential units, 76,000 square feet of commercial office space
and over 100,000 square feet of commercial retail space. Another successful
Montgomery County development by Pettit & Griffin is Plantations
& Plantations II Subdivisions in Damascus, Maryland. These two
projects were completed in 1989 and have over 700 residential units.
The company has also developed finished
lots for other builders over the past ten years. In addition to residential
single family, townhouse and apartment developments, the company and
its subsidiary companies have constructed and operate three office
building developments, a shopping center and an industrial warehouse
complex. All are managed by a wholly owned company, Corporate
Management, Inc.
In January 1994, John H. Pettit passed
away unexpectedly and is greatly missed by all who knew him. Richard
B. Pettit, John's eldest son, currently serves as President and CEO
for Pettit & Griffin, Inc. John Pettit's three other children
joined the firm after graduating from various colleges with degrees
in such areas as business and finance. All are active in the business
today.
The company is active in the political
arena surrounding the building industry in the Washington Metropolitan
area. The company is also active in civic and charitable orpganizations.
Both John and Richard are past presidents of the Suburban Maryland
Building Industry Association (SMBIA) and Richard B. Pettit currently
serves on the Executive Committee and as a Life Director. Richard
also serves on the Executive Committee for the Maryland State Builders
Association and has served on the Board of Directors for the National
Association of Home Builders for many years. Richard is also active
in the Montgomery County Chamber of Commerce.
At the present time the company has
a full time staff of more than 20 employees and is developing in Montgomery,
Prince George's and Howard Counties in Maryland. Recently they started
a new building company, Pettit Homes, which has started construction
in the Fredericksburg, Virginia market area.
The company is proud of the communities
they have developed and takes pride in its history of constructing
quality homes at an affordable price.
Pettit Homes (Virginia Division):
The Fredericksburg, Virginia area is one of the fastest growing areas in the state. Pettit & Griffin, Inc. decided to expand its operations into Virginia so we
opened Pettit Homes, LLC. With several completed models constructed
and sold, the public can now see for themselves the quality for which
Pettit Homes has become so successful