• Cumberland Area Economic Development Corporation
  • Serving Cumberland County
  • Pennsylvania’s destination for business and leisure

Real Estate Collaborative, LLC

The Real Estate Collaborative (REC), LLC operates as a subsidiary real estate development Real Estate Collaborative LLCcompany 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.

FEATURED PROJECT:

REC is looking to acquire the 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. If you’re interested in locating your business to the site find more details and contact info here.

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 & Modeling
  • Site Selection

OWNERSHIP STRUCTURES:

  • Co-Ownership with private developer or sponsor
  • Build to Suite to Lease
  • Build to Suite to Own

CURRENT PROJECTS:

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