Commercial Development Company, Inc. (CDC) is a privately-held, diversified real estate acquisition and development firm whose principal competency lies within the acquisition, repositioning, and redevelopment of underutilized, distressed or environmentally-challenged properties. CDC has purchased and developed over 50-million-square feet under roof located on over 300 sites throughout the United States and Canada. For more information, visit www.cdcco.com.
Since purchasing the Brayton Point Power Plant in early 2018, Commercial Development Company, Inc. (CDC) affiliate Brayton Point LLC has been engaged in an extensive repositioning process designed to bring the retired power plant out of blight and back to productive reuse.
For 50 years, Brayton Point was home to a coal-fired power plant that generated 1600 MW of electricity to local homes and businesses and was a source of good paying jobs and tax revenue. This redevelopment project is intended to return Brayton Point to a state of productivity and growth by utilizing many of the same attributes that made the site successful in the past – 300 acres of waterfront property, a deep water port, and access to a strong local talent pool.
Brayton Point is uniquely positioned to support the emerging offshore wind energy sector due to its proximity to offshore wind energy tracts in the Atlantic Ocean, deep water port, access to major highway transportation, and public support for energy diversification. For these reasons, it is anticipated that Brayton Point will be utilized as a logistics, manufacturing, and support center for offshore wind.