Cumberland Development
Cleveland, OH 2–10 employees 2 principals
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About Cumberland Development
Cumberland Development is a real estate operator headquartered in Cleveland, OH.
Cumberland Development, LLC, founded in 2002 by architect Richard Y. Pace, operates out of Cleveland, Ohio. Its portfolio includes five managed properties: Cleveland Clinic Foundation Business Operation Center in Independence, Baker Electric Building, Nuevo Modern Mexican Restaurant, Harbor Verandas, and the Euclid & Colonial Arcades retail space. The firm focuses on acquisition, revitalization and long‑term management of underperforming commercial real estate, primarily in Northeast Ohio . Harbor Verandas offers 16 luxury lakefront apartments plus 6,934 sq ft of retail, while Nuevo Modern provides food, event space, and public amenities within Cleveland’s downtown lakefront district. The company also holds a 50‑year land lease (with a 47‑year renewal option) on lake‑front land for its waterfront developments.
Principals at Cumberland Development
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