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By Jamie Nesbitt
From the beginning, Atlantic Station was an ambitious undertaking. Would people
be willing to live, work and play on land once riddled with contamination?
Would those same people ditch their automobiles for public transportation and
leisurely strolls in the park? AIG Global Real Estate Investment Corp. and
Jacoby Development believed so and, 10 years later, the mixed-use development
has become the new crown jewel of the South.
The 138-acre site was formerly home to Atlantic Steel, a mill that employed over
2,000 workers who produced 750,000 tons of steel each year. As the largest
customer of the state power company, it guzzled enough energy to supply a
mid-sized city. It faced shutdown in the mid-70s, but the Atlantic Steel Co.
believed remediation costs would be lower if they kept it in operation on a
smaller scale.
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by Staff Report
In Michigan, some are predicting a better business climate for redevelopment and regulatory closure of contaminated properties thanks to a bill Michigan Governor Rick Snyder was scheduled to sign last week. The new regulations should have a positive impact on commercial real estate development and brownfields redevelopment resulting in the creation of jobs. |
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by VeruTEK
A property located on a bank of the East River and in a densely developed residential and commercial area, had its work cut out for it from an environmental remediation standpoint. The mission was to clean up the land and ultimately make one puzzle piece to a larger urban revitalization project that would be redeveloped as a public library and park ranger station.
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Industry Experts
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Susan Boyle
Mt. Laurel
Senior Environmental Practice Leader, GEI Consultants
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