Environmental due diligence is a key first step in most transactions leading to commercial and residential development. Redevelopment of distressed real estate can be a valuable investment, but it can expose an investor or developer to financial burdens that may exceed the value of the property. Understanding from the outset whether contamination is present and how it may be addressed is essential to determining the costs and potential benefits of site development.
WithersRavenel’s in-house technical staff routinely deliver environmental due diligence strategies that focus on site development as the ultimate goal. When contamination requiring remediation is identified, WithersRavenel counsels clients regarding cost-effective remediation strategies or engineering controls that meet the requirements of state and federal programs. They then work with clients to integrate those strategies with the plans and specifications for development of the property.
In an increasingly complex regulatory environment, WithersRavenel offers a full range of real estate due diligence, investigation and assessment, permitting and compliance, and contamination remediation and mitigation design services to assist prospective developers.
