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Redevelopment

Let us help you navigate the intricate complexities of redeveloping or repositioning property and add value for the community and landowner in the process.

Large corporations often have legacy assets verging on obsolescence and thus contributing little of economic value; these frequently include land and facilities held in a company’s portfolio. A common strategy is to restore value by converting such property to higher and better uses. However, receiving permission to make changes in land use can be a complex and daunting task.

Securing a master plan amendment, property rezoning, or site plan and subdivision approval requires sensitivity to the local community’s aspirations and an attainment to grassroots social and political expectations.  As companies consider greenfield development projects or repurposing existing sites, assurances of a reasonable, predictable and timely approvals outcome become fundamental to a project’s success.

Case study

Hercules Inc.

BLS & Co. crafted land use and community engagement strategies to assist Hercules with the disposition of 2,100 acres of brownfields in New Jersey.

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Land Use Strategies

Our services are built upon two distinct directions:

Exit Strategies: For companies and institutions hoping to shed soon-to-be surplus properties or legacy assets, we conceptualize and help implement the necessary land use approvals. When appropriate, we also recommend and create special incentives to attract developers and end users.  Our approach is to conceptualize plans to identify a property's highest and best use, then to put in place a set of strategies that will prepare a property for redevelopment or marketing – creating value and liquidity.

Market Entry Strategies: For companies executing location decisions, we analyze the location-differentiating variables among competing properties (including utility and infrastructure assessments performed by our Sugarloaf Associates™ affiliate) and guide clients through state and local approvals.  In doing so, we coordinate our efforts with our clients’ real estate advisors.  We also align the facility/site acquisition process to preserve the value of available economic development incentives. 

Press

To Transform the Nation’s Downtowns, We Need the Public Sector

BLS & Co. Executive Managing Director Jay Biggins provides insights into the public sector’s role in facilitating urban transformations by embracing innovative policies and fostering public-private collaborations.

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Land Use Services

  • Real estate market analyses
  • Highest & best use studies
  • Economic and fiscal impact analyses
  • Analyses of public financing programs
  • Real estate transaction management
  • Development approvals strategies

Interested in Learning More?

Contact us today at 609.924.9775 or info@blsstrategies.comto schedule an initial redevelopment consultation.