United States:
Secured Approvals And Purchase Of Commercial Property For Multifamily Redevelopment Project
14 September 2021
Shipman & Goodwin LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Represented developer in the purchase of a construction
company's storage yard for use in a planned residential
redevelopment a block from the main commercial artery through
Simsbury, CT. The project is a 175-unit multifamily development
with 10 percent of the units designated for affordable rents, with
walking trails connecting to the Rails to Trails Greenway path on
town-owned land. The firm provided end-to-end support on the
transaction beginning with the execution of a purchase contract,
followed by oversight of environmental investigation and
remediation work and a Transfer Act evaluation. The team also
helped obtain a wetlands permit and zoning special exception for
the new development from town land use boards. The culmination of
the matter resulted in the successful closing of the contract.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Real Estate and Construction from United States
Chapter 1: The Bid
The Cromeens Law Firm
"I did not agree to do the electrical work. I never agree to do the electrical work." That's what Josh from Super Door Subcontractor told me after the general contractor on his community college project...
Construction Defects Coverage Update
Plunkett & Cooney
The U.S. Court of Appeals for the Eleventh Circuit determined that an insurer had a duty to defend its insured on the basis that, at the time the insured requested a defense...
AI Applications And Risks In Construction
HKA
In July 2023, the Construction Management Association of America hosted a webinar discussing the merits and use of artificial intelligence (AI) in construction.