Blackwood Development Company is a privately held real estate firm founded in 1988 by Willis P. Blackwood. The company specializes in retail-focused development, leasing, property management, and brokerage services throughout Central Virginia, including the Richmond metro area. It operates a brokerage subsidiary under BDC Realty LLC, supporting both proprietary and third-party retail and mixed-use projects. Over the years, Blackwood has expanded through joint ventures and in-house asset management.