Core Development

About Core Development

Core Development is a real estate operator headquartered in Southampton, PA. Core Development operates in Philadelphia-Camden-Wilmington, Pennsylvania-Delaware. Its investment focus is on Historic Tax Credits, Multifamily - Core and Multifamily - Ground-up.

Core Development is a private real estate investment and development firm founded in 2012 by Peter Spain and Pete Staz. Headquartered in the Philadelphia, Pennsylvania metropolitan area, the company has completed 14 years of continuous operations. The boutique enterprise maintains a lean organizational size of approximately 2 to 10 employees. The corporation concentrates its business model on a full-service platform covering the complete real estate lifecycle. Its integrated operational framework handles project acquisition, structural financing, architectural design coordination, ground-up construction management, marketing, and leasing. The company targets transit-oriented, urban infill sites to create walkable, amenity-dense projects. The firm and its dedicated property management and capital solution affiliates focus exclusively on multifamily residential, student housing, commercial, and urban mixed-use assets. The organization's geographical investment footprint is entirely concentrated within the city of Philadelphia and its surrounding suburban submarkets. Since its inception, the founders, partners, and corporate affiliates have served as principals in over 150,000,000 dollars worth of regional real estate projects. The company's development pipeline encompasses both market-rate apartments and private student housing developments designed to integrate into the surrounding neighborhood fabrics.

Principals at Core Development