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Real estate development opportunities in Cumberland County

By , - Last modified: December 5, 2017 at 3:53 PM

The Real Estate Collaborative (REC), LLC operates as a subsidiary real estate development company of the Cumberland Area Economic Development Corporation (CAEDC), for the purposes of developing and managing select mixed use, office, medical, industrial, tourism and land development projects on behalf of CAEDC, joint venture partners, and third party real estate investors and owners.

REC's typical project includes: underutilized, vacant, or brownfield commercial or industrial sites, public buildings, and tourism-related assets that will significantly increase visitation to the destination. In addition, the REC focuses on sites to develop for workforce housing and business attraction in industries targeted in the county’s and CAEDC’s Comprehensive Plan for Economic Development.

Current projects

Former Tyco Site in Carlisle: The project, named Hanover Commons, is 4.5 acres and has potential for a mixed-used center with space for lodging, retail, food/beverage, professional office space and other complementary services and amenities.

Lemoyne Middle School: The abandoned Lemoyne Middle School project is a community revitalization effort with potential for mixed-use development.

Former Domestic Castings Site in Shippensburg: REC is looking at mixed-use development for the former Domestic Castings property with businesses that will benefit Shippensburg University and the nearby downtown.

REC Development services include

  • Joint venture partnerships (co-developer)
  • Owner's development representative
  • Land development strategies
  • Zoning/variance applications
  • Community planning
  • Development incentives/grants/low-interest loans
  • Economic modeling
  • Tax analysis and modeling
  • Site selection

Ownership structures

  • Co-ownership with private developer or sponsor
  • Build to suite to lease
  • Build to suite to own

If you are interested in learning more about REC, or locating your business to one of the sites, contact Mary Kuna, REC Real Estate Development Manager, at 717-240-7183.

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