12-13-19

Real Estate Journal — December 13 - 26, 2019 — 3A

www.marej.com

M id A tlantic

M id A tlantic R eal E state J ournal Jointly execute redevelopment with Dermody Properties Harvey Hanna announce plans for former GM plant redevelopment

W

impressed by its nearly limit- less potential,” said Preston. “Between its strategic location along the I-95 corridor, proxim- ity to a coveted deepwater port in the Port of Wilmington, and history as a nucleus for DE’s economy, it represents an ideal asset for today’s boom- ing e-commerce and logistics industries. We are excited to be working with Harvey Hanna to contribute meaningfully to this region’s vitality.” The two companies have worked together over the past year to refine the project’s re- development plans to convert

the former GM plant into a modern logistics campus that will attract world class com- panies, in turn creating qual- ity jobs in the local economy. The redevelopment pro- gram calls for the complete demolition of all dormant buildings on the former plant property. The campus will be constructed in phases, with additional green space, traffic and pedestrian im- provements, improved storm water management and new landscaping buffers added to the new class A business and distribution campus. 

ILMINGTON, DE — Harvey Hanna & Associates and

D e r m o d y P r o p e r - t i e s h a v e announc ed p l a n s t o j o i nt l y ex - e c u t e t h e large - scal e r e d e v e l o p - ment of the former General Motors (GM) plant in Wilmington. Dermody Props. has acquired 88 acres of the 142-acre prop- erty on Boxwood Rd. for the project, which will be named LogistiCenterSM at I-95 Wilm- ington. Harvey Hanna will retain ownership of the remain- ing 54 acres. The former home of a GM automotive plant, the 142-acre Boxwood Rd. property has sat dormant since General Motors’ Bankruptcy in 2009. The prop- erty is located along the I-95 corridor and is set in one of the country’s most dense popula- tion bases, making it an ideal setting for distribution, fulfill- ment and logistics users and businesses. Offering easy ac- cess to major markets including Philadelphia, NYC, Baltimore, Washington, DC and many of the major Canadian markets, the property is a springboard to multiple major U.S. highways, including I-95, I-295 and I-495. Dermody Properties will remain in close coordination with Harvey Hanna through the duration of the redevelop- ment process. “Harvey Hanna’s ultimate goal for the former GM plant property has always been about one thing – returning long-term, sustainable jobs to Wilmington and New Castle County,” said Thomas Hanna , president of Harvey Hanna & Associates. “By working with a respected, experienced and best-in-class national devel- oper like Dermody Props., we are ensuring that a truly first- class business and distribution campus will rise in its place. Most importantly, with this arrangement with Dermody Properties, we are dramatically accelerating the timeline at this site towards delivering jobs and creating a new economic en- gine for Delaware. New Castle County is open for business.” “After learning about Harvey Hanna’s plans for the former Boxwood plant property, Der- mody Props. was immediately Thomas Hanna

801 Boxwood Road

Since 1988

SERVICES:

Real Estate Environmental Assessments ¾ Phase I/II Site Assessments ¾ Soil and Groundwater Investigation ¾ Remediation Services ¾ Wetland Delineation and Mitigation Brownfields Redevelopment Services ¾ Voluntary Cleanup Program Assistance ¾ PA Act 2, NJ ISRA, EPA Superfund ¾ Remedial Investigations ¾ Design and Construction ¾ Storage Tank Removals ¾ Clean Fill Environmental Engineering ¾ Landfill Design and Closure ¾ Water and Wastewater Engineering ¾ Soil and Erosion Control Plans ¾ Litigation Support/Expert Testimony Indoor Air Quality ¾ Asbestos Surveys, Management, and Abatement ¾ Lead Based Paint Management ¾ Mold Surveys and Remediation Stormwater Services ¾ Best Management Practices ¾ Problem Investigations/Evaluations ¾ Expert Services

TK Budd Facility Redevelopment Revitalization Call Us When You Need US Gary Brown, L.S.R.P, P.E. 800-725-0593 Walter Hungarter, P.E. 610-265-1510 Justin Lauterbach, Q.E.P. 724-288-4895 Chris Ward, L.S.R.P 856-467-2276 TK Bu d Fac lity Redevelopment Revitalization all s h ou Need US Gary Brown, L.S.R.P, P.E. 800-725-0593 Walter Hungarter, P.E. 610-265-1510 Justin Lauterbach, Q.E.P. 724-288-4895 Chris Wa d, L.S.R.P 856-467-2276 RTENV@RTENV.COM Call Us When You Need Us! 856-467-2276 Gary Brown, L.S.R.P. Chris Ward, L.S.R.P. Glenn Graham, P.G. RTENV@RTENV.COM

FAST TURNAROUND TRANSACTION DUE DILIGENCE Water > Wastewater > Cleanups > Utilities > Permits > Marcellus Shale

Corporate Office 215 W. Church Road King of Prussia, PA 19406 Phone: (610) 265-1510 Fax: (610) 265-0687 Corporate Office 215 W. Church Road King of Prussia, PA 19406 Phone: (610) 2 5-1510 Fax: (610) 265- 687

SW Pennsylvania Office 591 E. Maiden Street Washington, PA 15301 Phone: 724-206-0348 Fax: 724-206-0380 estern PA Office 2001 Waterdam Drive, Suite 205 Canonsburg, PA 15317 Phone: 724-206-03 Fax: 724-206-038

New Jersey Office Pureland Complex, Suite 306 510 Heron Dr., PO Box 521 Bridgeport, NJ 08014 Phone: (856) 467-2276 Fax: (856) 467-3476 New Jersey Office Pureland Complex, Suite 306 51 eron Dr., PO Box 521 ridgeport, NJ 8014 ne: (856) 467-2276 Fax: (856) 467-3476

Made with FlippingBook HTML5