Case Study

Background:
A major automotive manufacturer closed a manufacturing plant idling thousands of workers. The decision was made to close the antiquated facility and demolish the facility and commence investigation of environmental contamination and native uses. A commitment to the community was made to design a redevelopment scheme that would create jobs for the displaced automotive workforce. Challenge was that the market was considered a “demandless” market.

• Complete a highest and best use analysis for the facility
• Work with governmental and community officials to design a redevelopment plan that met the needs of the community
• Design a redevelopment plan that met the needs of our client by minimizing the remediation costs through the design of uses that were complimentary with the necessary clean-up
• Develop a comprehensive financial model outlining development costs, potential jobs created and potential project revenues that will result in a project that maximizes land values
• Prepare a comprehensive plan that places client in a position of being a good corporate citizen in light of the plant closure.
• Identify and prequalify potential developers and tenants for build-to-suit opportunities

• Successfully developed a comprehensive plan that would maximize the client’s revenues.
• Successfully identified a series of uses and opportunities that would create high paying jobs.
• Successfully minimized environmental remediation costs by segmenting uses and encapsulating environmental challenges.