Business Details
43 Years
experience
Trusted Home Builders in Hampton Roads, VA
At The Terry Peterson Companies, we believe that a well-crafted community enhances the quality of life. With over 40 years of experience, we specialize in building unique developments characterized by innovative architectural design, quality workmanship, and a deep consideration for the land. Our long-term approach to development has earned us praise for high standards in new construction homes and customer satisfaction across Hampton Roads, including Virginia Beach, Chesapeake, Suffolk, Newport News, Yorktown, Williamsburg, and Richmond. We extend this commitment to commercial ventures, focusing on sustainability and the renaissance of traditional neighborhood design that blends offices and shopping facilities into residential areas.Our apartment development expertise, spanning over 950 units, allows us to strategically identify desirable locations and designs for new apartment homes. Since 1983, we have built enduring residential, commercial, and investment properties that meet diverse needs while maintaining our mission: to create homes and neighborhoods that truly satisfy your needs. Our reputation for delivering high-quality, value-driven properties stems from decades of refining input from thousands of homebuyers through a constant pursuit of excellence.
Services
New Home Construction
Commercial Development
Apartment Communities
Investment Properties
Community Planning
Details
- Year established: 1983
Highlights and features
- We have over 40 years of experience building communities in Hampton Roads.
- Our designs reflect input from thousands of homebuyers refined through excellence.
- We offer diverse housing options including residential, commercial, and investment properties.
- Our team includes industry leaders with expertise in land acquisition and development.
- We prioritize sustainability and traditional neighborhood design in all projects.
What people say
Beautiful community
Professional staff
Quality construction
Excellent customer service
Thoughtful designs
Services
New Home Construction
We design and build high-quality single-family homes, townhomes, and condominiums tailored to modern lifestyles. Our process incorporates customer feedback and innovative designs to create spacious, energy-efficient living spaces. With over 40 years of experience, we ensure each home meets rigorous standards for durability and aesthetic appeal.
Commercial Development
Our commercial development services focus on creating sustainable, mixed-use spaces that integrate seamlessly with residential areas. We specialize in retail centers, office complexes, and industrial properties using modern construction techniques. Our team prioritizes functionality and long-term value for investors and tenants.
Apartment Communities
We develop apartment communities that combine comfort, convenience, and strategic location planning. Our properties feature modern amenities and energy-efficient designs tailored to renters' needs. With over 950 units built, we create vibrant living environments that enhance community connectivity.
Community Planning
Our community planning integrates traditional neighborhood principles with contemporary needs. We design walkable, amenity-rich neighborhoods that promote social interaction and environmental stewardship. Each plan considers local geography and market demands to maximize livability and investment returns.
Investment Properties
We develop income-generating properties focused on long-term profitability and market stability. Our investment portfolio includes multi-family units, retail spaces, and mixed-use developments. Strategic land acquisition and market analysis ensure optimal returns for our partners and stakeholders.
People
John Peterson III
Principal
John leads corporate strategy, land acquisition, and financial analysis for new communities. He previously worked in commercial real estate investment in Washington, D.C. John holds a BA in Economics from the University of Virginia and serves on multiple regional development boards.
Lucky Peterson
Principal
Lucky manages daily operations of homebuilding projects and advises on commercial contracting. With experience since 2001, he graduated from Randolph-Macon College and began his career in apartment management and residential construction in Richmond, Virginia.
Richard Tuck Bowie
President and CEO
Tuck oversees all operations with 29 years of company experience. A Virginia Military Institute graduate, he previously co-founded an engineering firm and serves on multiple civic advisory committees. He is a licensed professional engineer in Virginia.
Danny Totten
Vice President of Production
Danny directs production management with expertise in optimizing construction processes. He joined in 2012 after a career in construction leadership roles. Danny holds a BA in Government & Foreign Affairs from the University of Virginia.
Vicki Bracey
Controller
Vicki manages accounting, financial reporting, and risk management with 15+ years of residential construction experience. She is a Certified Public Accountant and graduated from Western New England University with a BS in Accounting.
Questions
How long does it take to build a home?
Construction timelines vary: 6-10 months depending on home size, options selected, and external factors like supply chain or weather delays.
Are your homes customizable?
We offer hundreds of structural and finish options, though major customizations may be limited in certain neighborhoods.
Do you offer closing cost assistance?
Yes, we provide closing cost contributions when using preferred lender partners at most communities.
What warranty coverage do you provide?
Homes include a 1-year builder warranty and a 10-year limited warranty through Maverick for structural components.
Can I visit model homes in person?
Yes, our model homes are open for tours at all active communities with on-site sales specialists available.
Do you build commercial properties?
Yes, we develop commercial spaces including retail centers, office buildings, and mixed-use developments.
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