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CEDC outlined benchmarks for $36 million residential construction project

March 17th, 2023 by WCBC Radio

Hoping to avoid delays that have set other local projects sometimes years behind schedule-  the Cumberland Economic Development Corporation has outlined a set benchmarks for the developer of the former Memorial Hospital site. Developers could construct up to 250 apartment units as part of a $36 million residential construction project planned for the South Cumberland location. The CEDC  entered into a contract on Feb. 1 with RAZ Development of Bethesda to begin laying the groundwork for a residential housing complex on the 9-acre site. CEDC executive director Matt Miller…

Miller believes that city and the county are comfortable with the proposal as presented by the developer…

RAZ officials said they hope construction will begin in early 2024 with pre-orders for the apartments taken while the units are being built.