What Does Investing in Resilient Roads and Bridges Look Like?
Recent severe flooding in New Jersey has highlighted how vulnerable our transportation infrastructure can be, leaving residents stranded and even stuck kayaking along flooded roadways.
McManimon, Scotland & Baumann, LLC, is widely recognized as one of the leading firms in redevelopment and development in the State of New Jersey. We have a proven track record of guiding residential, industrial, commercial and mixed-use projects – large and small – from conception, financing, acquisition, land use approvals, through leasing and sale.
As the acquisition and development of real estate in New Jersey often involves a number of facets, we approach each project from a client-centric team based perspective. We assemble attorneys from our various practice areas to address a client’s and project’s specific needs including creating new a business entity for the project, contract negotiations, land use approvals, redevelopment agreements, zoning ordinance / redevelopment plan amendments, environmental issues, condemnation, financing and when needed, litigation. Our finance group has extensive experience in low income housing tax credit (LIHTC) financing including creating the specialized entities and agreements required for LIHTC financing and works in close concert with the real estate and land use group on LIHTC financed projects. We also apply the same client-centric team based approach in coordinating with a project’s other professionals, such as engineers, architects, planners and financial institutions to provide a holistic and efficient delivery of a project from inception to completion.
We have served as counsel and/or offered counsel on several major projects, including the Prudential Center in Newark, Boardwalk Pavilions and Oceanfront redevelopment in Asbury Park, Bayonne Crossing in Bayonne and the redevelopment of the former Ingersoll Rand brownfields site in Phillipsburg and Lopatcong Townships into an approximately 4 million square foot warehousing and logistics center.
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For more information about our Real Estate and Land Use practice, please contact Karl Kemm at kkemm@msbnj.com or 973-622-5166.