Signature Workforce Housing
Stone & Steel Community
Pennsylvania
Est. MMXXV · Pennsylvania
Building Communities
That Last.
Stone Development Group develops innovative residential, mixed-use, and commercial real estate — with a focus on affordability, quality craftsmanship, and long-term investment.
Workforce Housing◆Mixed-Use◆Commercial◆Hospitality◆Adaptive Reuse◆Institutional Capital◆
Workforce Housing◆Mixed-Use◆Commercial◆Hospitality◆Adaptive Reuse◆Institutional Capital◆
The Mark
Strong Foundations. Lasting Communities.
Our Mission
We develop communities — not just buildings. Every project must leave the neighborhood stronger than we found it, deliver enduring returns to those who capitalize it, and be worth owning for generations.
Ryan Stone — Founder & Principal
In Development
Current Developments
01
Stone & Steel Community — Phase II
Pennsylvania
Design Development
125,000 - 200,000 GSF
Q3 2027
→
02
Millwright Row
Pennsylvania
PRE-DEVELOPMENT
150,000 - 180,000 GSF
Q2 2027
→
03
Foundry District
Pennsylvania
CONCEPT
250,000 - 300,000 GSF
Q4 2028
→
04
Basalt Yards
Pennsylvania
CONCEPT
265,000 - 315,000 GSF
Q1 2029
→
Why Stone Development Group
Institutional discipline.
Regional conviction.
We combine the underwriting rigor of a Fortune 500 developer with the relationships, speed, and local knowledge of a Pennsylvania operator. The result: assets that outperform, and communities that endure.
Collaborative
We build strong relationships and work together to achieve exceptional results.
Integrity
We do what's right, every time. Always.
Development Excellence
Thoughtful planning. Quality construction. Lasting value.
Community Focused
We create spaces that strengthen communities for generations.
The Process
A Repeatable System for Enduring Assets.
01
Sourcing
We identify overlooked parcels and mispriced opportunities across Pennsylvania — off-market, entitled, and adaptive-reuse.
02
Underwriting
Disciplined feasibility. Conservative rent, cost, and exit assumptions stress-tested against multiple market cycles.
03
Design
Architect-led design in steel, stone, and cedar — durable materials that hold their value for the life of the asset.
04
Construction
Fixed-scope GMP contracts with vetted regional builders. Weekly transparency to LPs and municipal partners.
05
Stewardship
We build to own. Long-hold operations, resident-first management, and reinvestment into the community.
Featured Project
Stone & Steel Community
Our signature workforce housing community — 142,000 GSF of steel, natural stone, and cedar organized around a shared courtyard. A modern answer to Pennsylvania's most persistent housing challenge.
- GSF
- 142K
- Homes
- 184
- Delivery
- Q4 2026
Investment Philosophy
We invest capital the way we would want ours invested.
Sponsor co-invest on every deal. Underwriting built on conservatism. Long-hold assets in submarkets we know by name. This is how institutional capital is meant to be stewarded.
Request Offering MemoCapital Preservation
Downside first. Every deal must survive a recession before we discuss upside.
Long-Term Ownership
We build assets we intend to own for 20+ years. Materials, systems, and reserves reflect it.
Aligned Interests
Sponsor co-invest on every offering. We win when our partners win — never before.
Transparent Reporting
Quarterly LP letters, open books, and a direct line to the principal on every project.
Community Impact
Will this community be better because this project exists?
It is the first question we ask on every deal. If the answer is not a clear yes, we rethink the project until it is.
1,200+
Homes in Pipeline
$340M
Aggregate Development Cost
6
Pennsylvania Communities
100%
Locally Sourced Labor
Signature Work
Selected Portfolio
Mixed-Use Development
Foundry Square
Pennsylvania
Mixed-Use Community
Ironworks Commons
Pennsylvania
Contact
Let's build something
worth owning.
Whether you are a municipality with an opportunity, an operator with a site, or an investor seeking access to institutional-quality Pennsylvania development — we would like to hear from you.
Founder & Principal
Ryan Stone
123 Development Way
Reading, PA 19601
Reading, PA 19601