Cumberland Development
Cleveland, OH 11–50 employees 2 principals
Last updated
About Cumberland Development
Cumberland Development is a real estate operator headquartered in Cleveland, OH. Cumberland Development operates in Cleveland, Ohio. Its investment focus is on Medical Office & Healthcare, Multifamily - Ground-up and Multifamily - Value-Add.
Cumberland Development, LLC is a commercial real estate firm founded in 2002 by architect Richard Y. Pace and headquartered in Cleveland, Ohio. Operating for 24 years, the company focuses on the acquisition, revitalization, and long-term management of underperforming commercial real estate primarily across Northeast Ohio. The firm's portfolio comprises five managed properties, including the Cleveland Clinic Foundation Business Operation Center in Independence, the Baker Electric Building, Nuevo Modern Mexican Restaurant, Harbor Verandas, and the retail space within the Euclid and Colonial Arcades. Harbor Verandas features 16 luxury lakefront apartments and 6,934 square feet of retail space, while Nuevo Modern provides dining, event space, and public amenities along Cleveland’s downtown lakefront district. The company also holds a 50-year land lease with a 47-year renewal option for its waterfront developments.
Principals at Cumberland Development
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2 principals on file
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Cumberland Development's project portfolio
4 projects on file · Mixed-Use (2), Commercial (general) (2)
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Markets and themes
Markets Cumberland Development operates in
Investment themes at Cumberland Development
Capabilities
- Asset Management
- Economic Development
- Public-private partnerships
- Site Development
- Transit-oriented development
- Urban infill
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Frequently asked questions about Cumberland Development
- What does Cumberland Development do?
- Cumberland Development, LLC is a commercial real estate firm founded in 2002 by architect Richard Y.
- Where is Cumberland Development based?
- Cumberland Development is headquartered in Cleveland, OH.
- What markets does Cumberland Development operate in?
- Cumberland Development is active in Cleveland, Ohio.
- How many employees does Cumberland Development have?
- Cumberland Development has 11–50 employees.