Are you involved in the purchase of raw land or existing residential / commercial / industrial properties? Proposed site due diligence is a critical first step ahead of any transactional expenditures. Assembling the right team of experts, which should include a civil/site and environmental engineering consultant, will increase the likelihood of a smoother transaction and lay the foundation for a successful development project.
What are the key site elements I should be looking for?
- Impact of current (and proposed) flood hazard regulations
- Existing wetlands restrictions (no development potential / buffers)
- Existing (historical) contamination or violations
- Permitting challenges (NJDEP, DOT, etc.)
- Current zoning / likelihood of re-zoning approval
- Current approved uses / likelihood of obtaining use variance (if required)