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Posts Tagged ‘local redevelopment authority’

District Launches Search for Walter Reed Developer

  • February 3, 2013
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The District of Columbia last week issued a request for qualifications from prospective firms to be the master developer for 66.6 acres at the former Walter Reed Army Medical Center in Upper Northwest Washington. The city’s reuse plan for the site, which will feature a town center, calls for 1,864 multi-family housing units, 90 townhomes, 767,000 square feet of office space, 212,000 square feet of retail, and 176,000 square feet of other uses such as arts and entertainment …

Tremendous Growth Prompts New Master Plan for Philadelphia Navy Yard

  • February 3, 2013
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The city of Philadelphia on Friday unveiled a new master plan for the former Philadelphia Navy Yard, a move necessitated by the remarkable investment and job growth the base has experienced since most naval activities shut down following the 1995 round of BRAC. Since 2000, when the city acquired 1,000 acres from the Navy, more than $130 million in publicly funded infrastructure improvements has leveraged more than $700 million in private investment …

Ft. Monmouth LRA Secures Anchor Tenant

  • January 30, 2013
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The Fort Monmouth Economic Revitalization Authority gained its first commercial tenant this week after a data management software firm agreed to construct its headquarters on a 55-acre parcel at the former post located in coastal New Jersey. In the next several weeks, CommVault Systems plans to begin initial site work on the first phase of its headquarters, which includes a $70 million, 275,000-square-foot building, reported NJBIZ. The headquarters will require three construction phases over 20 years …

Weymouth Officials Not Concerned over LNR Sale

  • January 28, 2013
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Last week’s sale of LNR Property LLC, the parent company of the master developer of the former South Weymouth Naval Air Station located outside of Boston, should not affect the project now called Southfield, according to Weymouth officials. On Thursday, Greenwich, Conn.-based Starwood Property Trust and Starwood Capital Group announced they had agreed to pay $1.05 billion to buy LNR …

Sacramento County to Accept 528-Acre Parcel at McClellan AFB via Early Transfer

  • January 24, 2013
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Sacramento County and its developer McClellan Park LLC shortly will receive 528 acres of land at the former McClellan Air Force Base in the third early transfer of property at the Northern California base. In addition to accepting the parcel, the county and its developer will take on responsibility for cleaning up the first 15 feet of soil below the surface of the property …

Appeals Court Finds Environmental Liability Statute Has Broad Application

  • January 21, 2013
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LRAs and developers may finally be able to breathe a sigh of relief that they can rely on a federal statute to protect them from liability for undiscovered contamination at BRAC sites, following a federal appeals court ruling earlier this month concluding that regulatory actions carried out by environmental agencies are covered under the law. The decision by the Federal Circuit — which reverses the finding of the U.S. Court of Federal Claims in a case brought by Indian Harbor Insurance to recover costs to remove soil contamination at the former Marine Corps Air Station (MCAS) Tustin, Calif. — settles for now the question of how broadly the federal courts will interpret Section 330 of the 1993 defense authorization act …

Reuse Plans Advance at Onizuka Following HUD Approval

  • January 14, 2013
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Plans to locate a community college campus and affordable housing at the former Onizuka Air Force Station in northern California are moving ahead, after the Department of Housing and Urban Development last month approved the site’s redevelopment plan. A local housing agency has proposed building 120 family housing units for residents earning less than $64,000 …

Ft. Ritchie LRA Considers Reuse Options after Taking Site Back from Developer

  • January 9, 2013
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Less than six months after taking back the former Fort Ritchie from its developer, PenMar Development Corp. wants to have a new reuse plan for the 591-acre central Maryland property located just over the Pennsylvania border. The LRA plans to hire a real estate consultant shortly and complete a redevelopment plan later this year …

Navy Closes in on Final Transfer of Roosevelt Roads to Puerto Rico

  • January 7, 2013
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The Navy last month conveyed two parcels totaling 2,036 acres at the former Naval Station Roosevelt Roads to the commonwealth of Puerto Rico via an economic development conveyance, marking the final property transfer at the base located on the island’s eastern tip. The Navy had conducted public auctions for those parcels on two previous occasions, but neither attempt resulted in a suitable bid …

Lawmakers Push to Extend BRAC Environmental Protections to Other Sites

  • December 17, 2012
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A group of seven House members representing districts with closed Army ammunition plants is pressing the chamber’s conferees to the fiscal 2013 defense authorization bill to preserve language extending liability protections afforded BRAC sites to installations closed outside of the BRAC process when unknown contamination is discovered. The language, which would extend the indemnity now provided by Section 330 of the 1993 defense authorization bill to all bases closed after Oct. 24, 1988, is included in the House version of the annual defense policy bill but was left out of the Senate version …

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