Forsite Development
Charlotte, NC, United States
About
Founded in 2004, Forsite Development is a private headquartered in Charlotte, United States with approximately 50-200 employees specializing in Solar, Wind, Other.
Forsite Development is a private real estate development company based in Charlotte, North Carolina, founded in 2004. The company specializes in acquiring and repositioning vacant and surplus industrial facilities throughout the Southeast, with a particular focus on shuttered coal-fired power plants and contaminated industrial sites. The company's core business involves three integrated divisions: renewable energy development, environmental risk transfer, and industrial redevelopment. Forsite's flagship project is ReVenture Park, a 667-acre redevelopment of a shuttered chemical plant and Federal Superfund site along the Catawba River in Charlotte, projected to create over 1,100 green jobs and $900 million in new investment. The company has acquired and is developing several major coal plant projects, including the CP Crane Generating Station in Baltimore County, Maryland, and other decommissioned power plants. Forsite's approach emphasizes zero-boomerang liability management through structured risk transfer mechanisms including environmental escrow accounts, specialized insurance, and performance guarantees.
Headquarters
Charlotte, United States
Founded
2004
Employees
50-200
Company Type
Private