Project Developer Morris Companies Banking on Proximity to Port Newark's $650 Million Expansion
LYNDHURST, N.J., Aug. 30, 2012 /PRNewswire/ — On August 21, 2012, The New York Times ran a featured story on a major development project by Scarinci Hollenbeck's client the Morris Companies. Entitled "A $650 Million Expansion of Port Newark Spurs Interest in Its Environs," the article's author Ronda Kaysen discusses the expansion of Port Newark and sheds light on the "potential for growth in the state's industrial sector and specifically in its ports." The article goes on to explain how the expansion of the Panama Canal will eventually lead to more cargo delivered which will result in more facilities needed and more jobs created as a result.
Morris Companies, based in Rutherford, N.J., is developing a 337,000-square-foot facility at a cost of $50 million. Scarinci Hollenbeck's Industrial Site Remediation practice group attorneys have headed the project's development team. Partner Ted Schwartz and Senior Counsels William C. Sullivan and William A. Baker are managing all the regulatory affairs of the project. The team secured regulatory permits and approvals in numerous areas and intertwined them with the financing requirements of the New Jersey Environmental Infrastructure Trust.
The complex remediation strategies for this project required regulatory approvals for dealing with sophisticated soil and groundwater contamination issues at this former heavy industrial urban property. The site dates back to the late 18th century and is located adjacent to a major waterway, thus requiring integrating remediation with the project's development components. This included engineering and institutional controls, waterfront development and State land use issues, demolition of structures and attendant concerns, and local land use approvals. The Scarinci Hollenbeck team will continue its involvement with the project's remediation strategies and development until these activities are completed.
Mr. Schwartz, who specializes in redevelopment of Brownfield sites, said, "In my over 47 years practicing environmental law, this was one of the most challenging and rewarding projects with which I've been involved. This small 17-acre parcel of land contained every environmental issue seen in New Jersey, and we had the task of interweaving all of the components together, to work harmoniously."
He added, "We are so fortunate to be working closely with the Morris Companies, a very sophisticated, dedicated, and savvy redeveloper of Brownfield sites. We will continue our involvement in the implementation of the remediation strategies to successfully complete the project."
Mr. Schwartz is a partner with Scarinci Hollenbeck and is based in Lyndhurst, N.J. He can be reached at Email or 201-896-4100.
About Scarinci Hollenbeck
Scarinci Hollenbeck (www.scarincihollenbeck.com; @S_H_Law) is a New Jersey/New York Metropolitan area business law firm that serves a diverse group of business and commercial clients in numerous industries. The full-service, general practice law firm retains a highly trained legal team with expertise in several areas, including Corporate Transactions and Business Law, Bankruptcy and Creditor's Rights, Environmental and Land Use Law, Litigation, Public Law, Commercial Real Estate, Sports and Entertainment Law, and Tax, Trust and Estate Law. Top-tier personnel, innovative technology, and superior client service add to Scarinci Hollenbeck's reputation as one of the most highly ranked law firms in the New Jersey/New York Metropolitan area.
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