Real Estate Development

CRDC 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 examples listed below that add value to the community and enhances the visual and financial base of the city or town.

CRDC is actively seeking investment and development opportunities to participate in 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 will also consider:

Acquisition or Redevelopment of Existing Facility

If a commercial real estate broker, developer, or building owner has an interested company seeking to lease a vacant or underutilized building with the possibility of purchasing the facility within 5-7 years, Capital Regional Development Council will consider acquiring the facility for lease to the end user company.

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.

IMPACTFUL PROJECTS

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.

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

Stephen Heavener
Executive Director
(603) 496-1875
sheavener@crdc-nh.com