Redevelopment

As one of New Jersey’s leading redevelopment law firms, our attorneys have expertise in all facets of the redevelopment process, including redevelopment area designations, redevelopment plans, procurement, site acquisition, condemnation, relocation, zoning and other governmental approvals, entitlements, project structuring, financing, construction, and negotiating and drafting all related documents.

We represent clients throughout the redevelopment realm, such as for-profit and nonprofit redevelopers, government entities, builders, lenders, financing entities, underwriters for redevelopment bonds and third-party purchasers, landowners, and other interested stakeholders in redevelopment.

The firm has been involved in all types and sizes of redevelopment projects in the state, including commercial, industrial, office, warehouse, self-storage, retail, hotel, multifamily, low and moderate income housing, mixed-use projects and related parking and infrastructure.

Given the unique challenges associated with redeveloping properties within New Jersey, many projects require subsidies. Our attorneys have extensive experience with the following local, state, and federal financial incentives:

Long and short term tax abatements and exemptions
Special assessments
Redevelopment area bonds
State grants and subsidized loan programs, including the New Jersey Infrastructure Bank, Energy Resilience Bank, Hazardous Discharge Site Remediation Fund, Urban Investment Fund, and Affordable Housing Trust Funds
State tax credit programs, including Aspire, Emerge, Brownfield Redevelopment Incentive, Historic Property Reinvestment, and Food Desert Relief
Federal tax credit programs, including Low Income Housing Tax Credits, New Market Tax Credits, Historic Tax Credits, and Investment Tax Credits

Helping clients obtain and assemble their capital stack through these incentives allows us to create innovative and comprehensive financing plans that are instrumental in making a redevelopment project economically feasible. Without an understanding of these financial incentives and how they can be utilized, many of our clients' successful redevelopment projects would not have been developed. To further assist our clients, we’ve developed in-house financial modeling that allows us to gain a deeper understanding of our clients’ projects to strategically guide next steps. A collaborative process, we work with clients to determine which subsidies are necessary and attainable and to refine the proper “ask” for successfully financing large-scale development projects. This unique benefit of working with our firm provides more effective, tailored solutions.

Our attorneys have testified before the State Legislature, consulted and advised industry groups and trade organizations, and drafted or contributed to the following enacted redevelopment legislation: