Milt Peterson, Developer of RIO and Downtown Silver Spring, Has Passed Away
Acclaimed DC area real estate developer Milt Peterson passed away today at the age of 85. Peterson was involved in developing RIO in Gaithersburg, Downtown Silver Spring, and National Harbor, among others.
According to the Washington Post, “Peterson’s company estimated that he had built more than 26,000 residential properties and approximately 234 million square feet of commercial space.”
Several prominent local figures took to twitter today to share their condolences.
Deeply saddened by the passing of Milt Peterson, the legendary developer who designed Maryland’s National Harbor and downtown Silver Spring. The First Lady and I ask that you join us in keeping Milt’s family and loved ones in your prayers.
— Governor Larry Hogan (@GovLarryHogan) May 26, 2021
Two Virginia legends lost today — Senator John Warner and Developer and Philanthropist, Milt Peterson. Two vibrant, brilliant leaders who blessed our communities and Commonwealth. pic.twitter.com/1ESIRS1d6u
— Barbara Comstock (@BarbaraComstock) May 26, 2021
We have lost a beloved visionary & legendary leader, Milton V. Peterson, Principal/Chairman of Peterson Cos.,renowned iconic developer in DMV, inc. Natl Harbor in Prince George's Co. I enjoyed knowing Milt, a generous man whom never sought attention. 🙏🏽for Carolyn & the family. pic.twitter.com/WIYSoRhOld
— MoniqueAndersonWalkerD8 (@D8Monique) May 26, 2021
We are heartbroken to announce that Milt Peterson, founder & chairman of @PetersonCos, one of the visionary real estate developers behind rio, philanthropist & devoted family man has passed away. More about Milt’s life and legacy here: https://t.co/E75Say0jjU. pic.twitter.com/vMUX7qfDQE
— rio (@RIOLakefront) May 26, 2021