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Posts Tagged ‘property disposal’

Lawsuit over Reuse Plan Halted Development at Former Ft. Ritchie

  • July 29, 2012
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Last week’s return of the former Fort Ritchie, Md., by Corporate Office Properties Trust to the entity originally created to oversee its reuse, PenMar Development Corp., followed a November 2009 federal court ruling that the Army failed to adequately assess the environmental impact of COPT’s new master plan. The decision stemmed from a lawsuit filed by two area residents claiming that COPT’s plan was significantly different than the one approved by Pen Mar in 1997 …

COPT Returns Former Ft. Ritchie to LRA

  • July 24, 2012
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PenMar Development Corp., the entity created in 1997 to oversee redevelopment of Fort Ritchie after it closed, has taken the property back from Corporate Office Properties Trust following several months of discussions between the two parties, the development corp. announced Tuesday. PenMar had sold the 591-acre site, located in central Maryland just over the Pennsylvania border, to COPT in 2006 for $9 million. The developer paid PenMar $5 million at the time; the remainder wasn’t due until 2016 …

Ingleside Considers Zoning Change to Support Naval Station Reuse

  • July 5, 2012
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The Ingleside City Council last week approved the first reading of a zoning change requested by the company purchasing the former Naval Station Ingleside and an adjacent parcel. Occidental Petroleum Corp., which is purchasing the 816-acre tract for $82.1 million, requested the site be rezoned industrial, with commercial development designated on two strips of property at the site. The changes are needed for Occidental to carry out its long-term development plans for the property …

D.C. Official Outlines Timeline for Walter Reed Reuse

  • June 6, 2012
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Washington, D.C., residents were surprised to find out just how quickly redevelopment of the former Walter Reed Army Medical Center is progressing during a meeting this week with a city planning official. The city will begin shortly to look for a master developer and hopes to reach an agreement with a firm before the end of the year, according to D.C. real estate blog The city then will negotiate a deal with the Army to obtain the 67.5 acres at the hospital campus designated for local redevelopment …

Washington Army Reserve Site Joins the National Park Service

  • June 4, 2012
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Turning portions of closed Army posts into National Park Service sites seems to be a popular theme lately. Last week, the Army transferred the Vancouver Barracks, a 33-acre site in Washington, just over the Columbia River from Portland, Ore., to the Fort Vancouver National Historic Site. Fort Vancouver was built to support the Hudson Bay’s Company’s fur trading operations and later became a U.S. Army post …

Air Force to Transfer Buckley Annex to Lowry LRA

  • May 30, 2012
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Local leaders and Air Force officials are scheduled to celebrate the transfer of the last remaining parcel at the former Lowry Air Force Base in Denver on Thursday. The Air Force will convey the 70-acre Buckley Annex to the Lowry Redevelopment Authority via an economic development conveyance. The $165 million reuse plan for the annex, closed last year as a result of BRAC 2005, calls for 800 residences, including apartments, condominiums and single-family homes …

House Appropriators Concerned about Delays in Transferring BRAC 2005 Sites

  • May 21, 2012
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At some BRAC 2005 closures, additional cleanup requirements being imposed by state regulators could delay the transfer of properties to local redevelopment authorities, according to the report of the House Appropriations Committee accompanying the fiscal 2013 spending bill for military construction and veterans affairs. As a result, the committee encourages DOD’s deputy undersecretary for installations and environment to work with the Environmental Protection Agency to reach “remediation agreements with standards allowed under current BRAC law …

Army, State Sign Transfer Agreement for Ft. Monmouth

  • May 20, 2012
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The Army will transfer more than 560 acres at the former Fort Monmouth to the Fort Monmouth Economic Revitalization Authority through an economic development conveyance over the next nine months, under an agreement signed last week by the Army and the state of New Jersey. By June 15, the Army will convey a 55-acre parcel that is designated to house a 650,000-square-foot headquarters for locally based CommVault. A number of other parcels — including the former Paterson Army Hospital which is slated to be purchased by AcuteCare Health Systems — will be transferred by Oct. 1 …

White House Singles Out Provision Extending Protections to Non-BRAC Properties

  • May 15, 2012
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The Obama administration is objecting to language in the fiscal 2013 defense authorization bill that would extend liability protections for undiscovered contamination afforded developers of installations closed via BRAC to all installations closed after Oct. 24, 1988. The provision essentially would extend the indemnity now provided by Section 330 of the 1993 defense authorization bill to bases closed outside of the BRAC process …

Port Approves Sales Agreement for NS Ingleside

  • May 9, 2012
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The Port of Corpus Christi reached a sales agreement this week with Oxy Ingleside Property Holdings, a wholly owned subsidiary of Occidental Petroleum Corp., for 816 acres at the former Naval Station Ingleside and an adjacent parcel for $82.1 million. Closing on the sale is expected to take place in August. The sale covers the entire naval station property — except for a 100-acre campus section — along with 435 acres next door …

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