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Potential Risks in Redevelopment and Adaptive Reuse Projects

Finding greenspace in older cities and highly developed areas present unique opportunities to develop new residential and commercial spaces. But the adaptive reuse of former industrial and warehouse properties offers developers a unique architectural platform to repurpose an existing structure and bring life back into often vacant buildings or blighted areas. While some environmental concerns with repurposed development of older properties (gasoline stations, dry cleaners, asbestos, and lead based paint) are well-known, developers and owners of these properties can often run into lesser-known environmental concerns that can cause significant delay to development and increase costs if not identified and mitigated properly during the acquisition and design phase of a project. Environmental concerns at older properties can be identified during the due diligence and design phase of a project before a construction schedule is affected. Some examples are further described below. Heating Oil Tanks Prior to installation of municipal gas service,…Log In to Read Full Article

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