Property Redevelopment Due Diligence

Conducting appropriate due diligence is essential to any land acquisition. Developers must comply with a myriad of Federal, State and local regulations, including zoning, wetlands and other environmental requirements. It is important to be aware of deed restrictions, conditions to prior approvals, or other factors limiting development potential. A buyer should be mindful of and 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 a parcel, such as subsurface environmental contamination, to avoid or minimize unexpected delays and cost overruns during construction.