Hanover Commons Project Back Project Status: Land Development Projected Vertical Construction: Spring 2019 Funding: REC was approved for a $1.1 million grant and a loan totaling more than $1.7 million for the project from the Commonwealth Financing Authority through its Business in Our Sites program. The state funding assists with acquisition, site work, demolition, and stormwater management improvements. HANOVER COMMONS OVERVIEW In March 2019, demolition work began at the site of the former 55,000 square-foot Tyco Electronics plant, a vacant industrial property located in Carlisle Borough’s northwest quadrant. Tyco closed in 2009 at around the same time as two other nearby manufacturing businesses – the IAC/Masland property and Carlisle Tire & Wheel. With their closing, Carlisle saw significant job loss and a major gap in the local economy. In response, the Carlisle Urban Redevelopment Plan was unveiled in 2013 with the hope of redeveloping this cluster of vacant and contaminated properties totaling 65 acres. These brownfield sites posed major challenges to redevelopment because they carried significant upfront costs related to demolition, stormwater management, infrastructure, and site prep. The Real Estate Collaborative (REC), LLC, a subsidiary of Cumberland Area Economic Development Corporation (CAEDC), was created to tackle just these kinds of projects – ones that will have “true economic development and community value” but face upfront challenges, according to Mason McClellan, CAEDC director of real estate development. REC purchased the Tyco property in 2018 with the mission of taking this former large contributor to the local economy and creating a new positive asset for the community. McClellan notes that “REC has a different expectation when it comes to return on investment than private developers and one of our biggest assets is our ability to access grant funding. The Business in Our Sites program and the Industrial Site Reuse Program (ISRP) provided funding to help us work on the environmental remediation as well as the demolition and some of the site work for the project.” With its demolition, the Tyco site becomes the last of these three brownfield sites to begin the redevelopment process as envisioned in the 2013 Carlisle Urban Redevelopment Plan. “It’s great that we are seeing new investments in one part of town that saw a major loss in a short period of time – not only in these three properties but also in the surrounding infrastructure including the road network and utilities,” says McClellan. REC’s goal is to finish demolition around the end of May, to concurrently go through the permitting process, and to market the site for future tenants and users. These steps will define the final timeline regarding the specific development concept and final site plan of the 4.5-acre site now known as Hanover Commons. Prior to REC’s acquisition of the site, it went through initial DEP Act 2 environmental clearance up to a non-residential standard. “There is a restriction that it can’t be a residential site and moving forward we will remain in compliance with that,” notes McClellan. The long-term goal is for a mixed-used development – some combination of commercial and office space, and possibility restaurant or retail as well. The site is being marketed through Dan Alderman with NAICIR. He can be contacted at 717-761-5070, ext. 132 or at email@example.com. REC received support on this project from a number of partners including Carlisle Borough, North Middleton Township, Senator Mike Regan, Representative Barbara Gleim, and the Cumberland County Commissioners, as well as the PA Commonwealth Financing Authority and the PA Department of Community and Economic Development. “They have really helped to get us where we are today and we are looking forward to the next phase of the project,” says McClellan. View details on the property below. WORK, DINE, SHOP & SOCIALIZE AT HANOVER COMMONS This new, mixed-use office and retail project is located at the gateway into Carlisle at 759 Hamilton Street. Two 30,000 SF office buildings and a 7,500 SF free-standing retail/restaurant building are available with potential for retail on the first floors of the office buildings. Space Available Includes: 40,000 sq. ft. of Class A Office Space 20,000 sq. ft. of 1st Floor Retail Space 7,500 sq. ft. of Restaurant, Brewery or Distillery Space Property Highlights: Former Brownfield Site Completed Area-wide EPA (Environmental Protection Agency) Study & Assessment Grants If you’re interested in locating your business to Hanover Commons, contact Dan Alderman at 717-761-5070. View the info sheet.