Real Estate Redevelopment
Our attorneys have long recognized the importance of redeveloping underutilized properties and returning them to beneficial use while resolving contamination issues. We work together with developers, lenders, property owners and economic development, environmental and land use agencies to accomplish these goals.
We are highly versed in targeting, analyzing and resolving transactional and environmental considerations with redevelopment projects and offer practical solutions to regulatory hurdles. We assist clients in all aspects of property acquisition and development, including zoning, planning and permit proceedings, transfer-related filings, preparation and negotiation of developers' agreements, and applications for tax abatements. Our attorneys bring their familiarity with recent legal and political developments to your efforts to maximize the value of a contaminated property, while minimizing your costs and liabilities.
Day Pitney attorneys work as a team in a cost-efficient manner, identifying opportunities, securing necessary financing and navigating regulatory requirements. We will assist you as you avoid pitfalls and move from concept to reality. Our real estate attorneys negotiate, structure and document the transaction; our environmental attorneys procure land use and cleanup approvals and oversee the remediation process; our finance and tax attorneys pursue available funding and tax benefits.
Our professionals have honed their skills on numerous redevelopment projects throughout the Northeast and beyond and have written and lectured on the issues raised by these projects. They are poised to assist you in any or every aspect of a brownfields redevelopment project, whether you are new to the industry or are also an experienced professional.
- Lead counsel to the developer of the Blue Back Square project in West Hartford, CT, a state-of-the-art $185 million project comprising more than 500,000 square feet of retail shops, restaurants, cinemas, residential condominiums and office space. In this role, we handled all aspects, including municipal bond issues, environmental investigation and remediation, zoning and wetlands approvals, permitting, property acquisitions, joint venture agreements, financing, condominium documents and related litigation, including appeals.
- Counsel to a national REIT for acquisition of vacant land, environmental remediation, due diligence and litigation, including golf course development, residential condominium development and complex redevelopment of a former Air Force base for multifamily housing.
- Appellate counsel for the Connecticut Conference of Municipalities and 31 other state municipal leagues as amicus curiae in Kelo v. New London, a landmark case decided by the U.S. Supreme Court. The Supreme Court held that a municipality can use its power of eminent domain to take property for economic development.
- Counsel to a public utility company with respect to the planning and ongoing construction of a liquefied natural gas facility in Connecticut, including assistance with contract negotiation and environmental, real estate, land use and commercial matters.
- Counsel to academic institutions for development of magnet schools, performing arts center, gymnasiums and other academic buildings, including brownfields redevelopment, construction and architectural contracts, ground leases, tax-exempt bond financing, land use applications and tax appeals.
- Counsel on environmental remediation and permitting matters to the private developer partnering with the town and state on a mixed-use development on an abandoned, 35-acre brownfields site in Connecticut. Planned construction includes a new commuter rail station and commercial office, hotel, retail and parking facilities.
- Counsel to a global manufacturing corporation and owner of a former manufacturing facility in Colorado in connection with successful negotiation of liability and property transfer, providing for remediation and residential redevelopment of facility location.
- Counsel to a major public corporation on environmental and deal-related issues in connection with disposition of multiple former manufacturing locations in the Southwest.
- Counsel to a national developer of regional shopping centers for environmental remediation and permitting issues associated with a $100 million redevelopment in Connecticut that required a $35 million cleanup.