Business Details
43 Years
experience
Your Trusted Home Builder 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 residential, commercial, and investment properties characterized by innovative architectural design, quality workmanship, and a consideration for the land. Our long-term approach to development has earned praise for high standards of quality new construction homes and customer satisfaction across Hampton Roads, Virginia. Since 1983, we have built enduring communities in Virginia Beach, Chesapeake, Suffolk, Newport News, Yorktown, Williamsburg, and Richmond.Our expertise extends to apartment development, with over 950 units built, and commercial ventures focused on sustainability and traditional neighborhood design. We prioritize modern floor plans, traditional craftsmanship, and input from thousands of homebuyers to deliver homes that provide years of enjoyment. Our commitment to excellence is reflected in our 1-year builder's warranty and limited 10-year home buyer's warranty, ensuring long-term client confidence.
Services
New Home Construction
Commercial Development
Apartment Development
Investment Properties
Community Building
Details
- Year established: 1983
Highlights and features
- We have over 40 years of experience building homes in Hampton Roads.
- Our communities feature innovative architectural designs and traditional craftsmanship.
- We offer a 1-year builder's warranty and limited 10-year home buyer's warranty.
- Our team includes industry experts with decades of construction and development experience.
- We prioritize customer satisfaction with personalized service and modern floor plans.
What people say
Top quality
Great value
Professionalism
Beautiful communities
Satisfying home buying experience
Services
New Home Construction
We specialize in constructing single-family homes, townhomes, and condominiums with innovative designs and traditional craftsmanship. Our homes feature spacious floor plans tailored to modern lifestyles. With over 40 years of experience, we deliver high-quality, affordable options in sought-after Hampton Roads locations.
Commercial Development
Our commercial development services focus on sustainable, mixed-use communities blending retail, office, and residential spaces. We apply decades of construction expertise to create functional, aesthetically pleasing environments. Projects emphasize traditional neighborhood design principles and long-term value.
Apartment Development
We develop apartment communities that integrate seamlessly with for-sale residences, offering diverse housing options. Our expertise includes strategic location selection and modern design. With over 950 units built, we prioritize quality construction and market-driven solutions.
Investment Properties
Our investment property division targets projects with realistic success opportunities through long-term development strategies. We focus on locations with growth potential, combining market analysis with construction expertise to deliver profitable, sustainable assets.
Community Development
We create master-planned communities with innovative designs, outdoor amenities, and thoughtful land use. Our approach balances residential, commercial, and recreational spaces to enhance quality of life. Communities feature modern infrastructure and enduring value.
People
John Peterson III
Principal
John leads corporate strategy, land acquisition, and financial analysis. He directs non-residential development and investment initiatives. Prior experience includes roles at Caprium Investment and Cassidy & Pinkard, focusing on commercial real estate and capital markets.
Lucky Peterson
Principal
Lucky manages daily operations of homebuilding projects and advises on commercial contracting. With experience since 2001, he contributes to corporate planning. He graduated from Randolph-Macon College and previously worked in apartment management and residential construction.
Richard Tuck Bowie
President and CEO
Tuck oversees overall operations with 29 years of company experience. A Virginia Military Institute graduate, he transitioned from engineering consulting to real estate development leadership. He holds engineering licensure and serves on multiple local advisory boards.
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. A University of Virginia graduate, he focuses on increasing productivity and cost efficiency across projects.
Patrick Griffey
Senior Project Manager
Patrick manages commercial projects with dual master's degrees in business and real estate. He has overseen large-scale developments including medical facilities and resort communities. A PMP-certified professional, he brings field experience and construction management expertise.
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 conditions.
Are your homes customizable?
We offer hundreds of structural and finish options, though major customizations may be limited in certain neighborhoods for timely delivery.
Do you provide financing assistance?
Yes, we partner with preferred lenders and offer closing cost assistance programs for qualified buyers using our financing partners.
What warranty coverage do you provide?
All homes include a 1-year builder's warranty and limited 10-year home buyer's warranty through Maverick for structural components.
Why choose new construction over resale?
New homes offer modern designs, energy efficiency, lower maintenance costs, and the ability to customize features to your preferences.
What communities do you serve?
We develop properties across Hampton Roads, including Virginia Beach, Suffolk, Richmond, Chesapeake, Newport News, and Williamsburg.
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