Core Development

About Core Development

Core Development is a real estate operator headquartered in Las Vegas, NV. 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, maintaining 14 years of continuous operations from its headquarters in the Philadelphia, Pennsylvania metropolitan area. Operating as a lean boutique enterprise with approximately 2 to 10 employees, the firm and its dedicated property management and capital solution affiliates have served as principals in over $150 million worth of regional real estate projects since inception. The firm's asset classes and scope center on full-service development across the complete real estate lifecycle—covering project acquisition, structural financing, architectural design coordination, ground-up construction management, marketing, and leasing. Focusing on transit-oriented, urban infill sites to create walkable, amenity-dense environments, the company specializes in multifamily residential, private student housing, commercial, and urban mixed-use assets designed to integrate into surrounding neighborhood fabrics. Geographically, Core Development concentrates its investment footprint entirely within the city of Philadelphia and its surrounding suburban submarkets.

Principals at Core Development