Real Estate Development

  • "Elm Grove Companies has turned a building once used for drug and alcohol rehabilitation into a 32-unit mini-flat style apartments, a first of its kind in New Hampshire. With financing assistance from …"
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Real EstateCRDC focuses its real estate investment and development resources on impactful projects in Claremont, Newport, Franklin, Concord and Manchester.

CRDC, as a mission driven non-profit economic development corporation, seeks project that add value to the community and enhances the visual and financial base of the city or town.

CRDC will consider participation development opportunities where the project is high impact, highly visible, results in good private sector job creation, renovates an under-utilized facility, redevelops core downtown buildings and enhances property tax value.

CRDC is very flexible on how it will participate in a project. We can provide debt financing, we can participate as an equity investor or joint venture partner.


In fiscal year 2021 CRDC deployed a $550,000 loan into the Monodnock Mill as a collaborative partner in the nearly $14.0 million redevelopment of the former Peterson Mill adjacent to the Sugar River into 83 units of market rate residential rental units in Claremont. The building is adjacent to the Wainshal Mill which was redeveloped into the Common Man Inn and Red River Computers world headquarters with funding assistance from CRDC and New Market Tax Credit Financing. This project completes nearly $40 million of public and private investment along Water Street in Claremont in recent years. In 2022 CRDC also deployed a $500,000 loan into the Stevens Mill $30 million mixed use redevelopment project in Franklin as a collaborative partner with various public and private entities.


To discuss your project and how CRDC might add value, please contact:

Stephen Heavener
Executive Director
(603) 496-1875