|
MAXIMIZING
The
Value of Your Land Through
BROWNFIELDS
DEVELOPMENT
and
GREENFIELDS
DEVELOPMENT
Our
team’s expertise lies in maximizing the value of your land,
whether clean, environmentally impaired or otherwise “challenged.”
WE
INVITE YOU TO CONTACT US IF YOU ARE:
-
A
property owner considering the sale of all or a portion of your
land;
-
A
real estate salesperson or broker dealing with parcels of 5+
acres;
-
A
professional consultant with knowledge of land acquisition and
development
opportunities, or
-
A
municipality with “challenged” properties that you want to
see redeveloped within
the bounds of your community’s master plan.
“NEW
WORLD” OPPORTUNITIES
CREATIVE
LAND RE-USE & BROWNFIELDS REDEVELOPMENT
Mignatti
Companies is experienced in the re-use and redevelopment of “challenged”
properties for creative residential and mixed re-use. We have
a successful history of
transforming underutilized “in-fill” properties into productive
and vibrant residential and mixed-use communities that are beneficial
for the local municipality and surrounding residents.
With
the enactment of Pennsylvania’s Land Recycling laws in 1995, and
New Jersey’s Municipal Land Use Law in 1997, Mignatti Companies
perceived an exciting
opportunity to become a leader in the redevelopment of
environmentally contaminated properties (“brownfields”).
Building upon our
traditional approach and our core capabilities as a developer and
builder,
Mignatti
Companies has cultivated in-house expertise in science, engineering
and real
estate/environmental law. The result is a Development Team uniquely
qualified to address issues relating to brownfields, including:
-
Valuation
of environmentally impaired properties
-
Zoning
issues
-
Environmental
assessment and remediation
-
Public
funding
-
Planning
and site re-use
-
Real
estate disclosures
-
Clean-up
standards
-
Liability
issues (environmental insurance; indemnities)
-
Public
and private partnerships and joint ventures structured for
-
brownfields
redevelopment
Beginning
with Mignatti’s first clean-up project in Bucks County, Pennsylvania
in 1997, our Development Team has successfully assessed, remediated
and redeveloped numerous brownfields sites, resulting in the maximum
property values for sellers as well as economic revitalization of
surrounding communities.
Remediation
was completed under several voluntary assessment and removal orders
under EPA Region III oversight. After cleanup, Mignatti received an
Act 2 release of liability from PADEP, and the property is being
developed for 215 home sites and an 18-hole championship-length golf
course.
Mignatti
Companies is also redeveloping a former EPA-RCRA Permitted
Industrial facility with over 80 years of heavy industrial use into
a mixed residential/commercial
re-use.
Full
site characterization and remediation of 17 areas of concern will
lead to the attainment of residential cleanup standards with
regulatory oversight from both the EPA and PADEP.
In
addition, Mignatti was successful in lifting use restrictions
imposed by former site owners, securing public funding for site
assessment and remediation, and addressing liability issues by
obtaining long-term environment cost cap and pollution legal
liability policy together with indemnifications.
SAMPLE
OF MIGNATTI’S
BROWNFIELDS
EXPERIENCE
Mignatti
Companies signed a Remedial Action Consent Decree and a Cleanup
Order with EPA Region III for assessment and remediation of 3,000
tons of contaminated soil at one of our properties. This project
involved wetlands, an endangered species habitat evaluation and the
restoration of approximately 5 acres of wetlands.
The
property was restored to pre-contamination background conditions
with regulatory releases from both EPA and Pennsylvania’s DEP (Act
2). The
surrounding property has been developed into a 500-home active
adult residential community.
Another
property was contaminated with construction demolition debris fill
material. Cleanup encompassed nearly 9,000 tons of PCB-contaminated
soil and construction debris, with waste excavated from the banks of
a nearby waterway
(within the floodplain).
|
