Home About Our Services Portfolio Gallery Contact Us


Based in the Bangor area, Black Bear Development, LLC seeks to unlock value in each of our real estate transactions. We specialize in the acquisition, renovation, and re-sale or lease of formerly distressed properties. Our goals are to ensure that each project or assignment is a financial success and enhances each location or community.

Black Bear Development, LLC was formed by David Spencer in May 2019. David is a 2017 cum laude graduate of the Maine Business School at the University of Maine, Orono, majoring in Finance and Economics. Subsequently, he worked for two years in Commercial Lending at Camden National Bank.

Projects to date have included acquisition and subdivision of a 50-acre parcel in Holden and the purchase, renovation and re-sale of foreclosed, single-family homes. In March, 2020, the company acquired its first commercial property, which was rehabilitated and available for occupancy in July, 2020.

David has prior construction experience with Hamel Builders, Inc. (Elkridge, Maryland) as an assistant site manager, working on renovation of a 150-unit apartment community in Takoma Park, Maryland, and new construction of seniors apartments in Germantown, Maryland. He also volunteered in July, 2012, on a Habitat for Humanity Metro Maryland home construction project in Morazán, El Salvador.

Spencer Development.