Property Redevelopment Due Diligence
Monday, November 20, 2017
1 p.m. - 2:30 p.m. EST
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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.
Michelle Shepherd, email@example.com