Unlocking Hidden Value in Real Estate
In densely developed and urban areas, making room for new real estate projects can often pose a challenge. Our real estate attorneys have considerable experience with properties that require creative structuring of common interest communities in order to expedite approvals and redevelopment. In the AvalonBay-Norwalk Mall Shopping Center project, our attorneys worked with developers and property owners to identify and craft the covenants necessary to ensure harmonious development and existence between properties that facilitated different adjoining uses, resulting in a facility that increased the value of the real estate, provided new housing and retail space, and revitalized a downtown area.
At Avalon East Norwalk – Norden Park, what was once an 80-acre industrial park, is now the site of a common interest community that contains an office building, an apartment complex and a high-tech disaster recovery center. Our firm was retained to represent the developer in a broad array of legal matters associated with the development and lease of a 168,000 square foot building and drafted a complex set of easements, covenants and restrictions to govern the operation of the combined complex. A once tired industrial property is now the single-most technologically-advanced facility in Fairfield County and was recognized in 2012 by the Fairfield County Business Journal as the largest build-to-suit project in Fairfield County in 11 years and the largest real estate transaction of the year.