Property Redevelopment Due Diligence

Lorman Education Services


Monday, November 20, 2017
1 p.m. - 2:30 p.m. EST

CM | 1.50

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Long gone are the days when a developer could purchase a parcel of land thinking that obtaining a ministerial building permit would be the most challenging hurdle prior to putting a shovel in the ground. Today, buyers must comply with a myriad of Federal, State and Local regulations, not overlook deed restrictions, conditions to prior approvals or other factors limiting development potential, and be sensitive to the expectations and desires of municipal officials and surrounding neighbors. It is also critical to identify up front what physical limitations exist on and under a parcel, such as subsurface environmental contamination, to avoid or minimize unexpected delays and cost overruns during construction. Hiring the right Development Team is crucial for conducting an effective review of a site’s history and future development capability during due diligence - - and prior to acquisition. The land acquisition contract ordinarily should be structured to allow for a meaningful due diligence review. This material will address these and other issues, and provide practical and insightful suggestions to help all parties navigate the due diligence process.

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Brad Schwartz

• Partner at Zarin & Steinmetz • Represents private clients and municipalities on land use, zoning and SEQRA issues • Regularly appears before municipal agencies securing subdivision, site plan, and other land development approvals • Litigates real property cases, including Article 78 proceedings, and eminent domain proceedings under the EDPL • Member, Board of Directors of the Legal Aid Society of Westchester County • Vice chair, Board of Governors of the JCC on the Hudson • J.D. degree, Boston College Environmental Affairs Law Review, Boston College Law School; B.A. degree, SUNY at Buffalo • Can be contacted at (914) 682-7800 or Read More

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Michelle Shepherd,