O wners , D evelopers & M anagers trees, small stands and fragmented forests, and interior forest areas on the subject property. The acreages of all potential forest cover types are estimated to determine the number of sample plots for data collection in the field. One sample plot is required for the first three acres plus an additional plot for every two additional acres.
10C — August 19 - September 15, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
2 – The second phase consists of conducting a field investigation to verify the preliminary FSD conditions, make any necessary adjustments, and to document the on-site conditions. All large eligible potential specimen trees are identified, measured, and located by GPS or survey. Sample plots are established within the forested areas and the appropriate data is collected and recorded within each forest layer. All non-forest cover types are documented. continued from page 7C Understanding New Forest Protection Regulations 3 – The third phase is processing the field data.
The UD Flora of Delaware online database has assigned a C-Value to every regional species; these C-Values range from high numbers for valu- able and uncommon species down to zero for non-native and invasive species. The FQI is the sum of the C-Values di- vided by the number of species in the plot. Determining Forest Protection Levels (FPL) The sum of all the points (Large Trees + Value Trees + Added Value Trees + Interior Forest Area + Mature Forest Area + FQI) equals the THVP at each plot which determines the FPL: identifies each FPL and acre - ages; locates all sample plots; denotes the drip line or CRZ; locates forest interiors; and identifies all specimen trees. In addition, the plan must include non-forest cover types and de- scriptions; small tree stands; zoning designations; property boundaries; existing features such as structures and roads; easements and rights-of-way; proposed development; for- ested areas and acreages pro- posed to be cleared; and any proposed mitigation areas deemed necessary. Sample plot data is tabulated to assign points to calculate the THVP which determines the FPL for each sample plot. Points are given for three categories in the upper canopy: Large Trees (>18” DBH), Value Trees (UDC List), and Added Value Trees (Beech, Oak, Hickory). Value Tree points are also given where they occur in the lower canopy, shrub layers, and herbaceous layer. Additional points are given for mature forest areas (woodland areas ≥0.2 acres dominated by trees greater than 18” DBH) and forest interiors (high -value secluded habitats ≥ 0.2 acres deep within woodlands ≥ 300 feet in from the forest edge). The Floristic Quality Index (FQI) is an additional factor based on every species that occurs in each sample plot. The UD Flora of Delaware online database has assigned a C-Value to every regional species; these C-Values range from high numbers for valuable and uncommon species down to zero for non-native and invasive species. The FQI is the sum of the C-Values divided by the number of species in the plot. Determining Forest Protection Levels (FPL) The sum of all the points (Large Trees + Value Trees + Added Value Trees + Interior Forest Area + Mature Forest Area + FQI) equals the THVP at each plot which determines the FPL: FPL CRITERIA FOREST QUALITY Tier 1 ≥52 Total Habitat Value Points High: Mature high-value trees, native species Tier 2 26-51 Total Habitat Value Points Medium: Typical woodlands with some non-natives Tier 3 1-25 Total Habitat Value Points Low: Common trees, invasives and non-natives describes the subject prop- erty, the proposed project, data collection methods, site- specific information, data sheets, maps and figures, and site photographs. Forested areas that can be cleared for development are percentage-based and depen- dent on (1) the Forest Protec- tion Level, (2) the zoning of the subject property, and (3) the presence of a CNA. In addition, potential speci- men trees are verified by com - paring their sizes with the UDC criteria, and nonforest areas and small tree stands are documented.
at Landmark Science & Engineering if you have any questions or need us to conduct a Forest Habitat Value Assess- ment on your project. Craig Smith is an environ- mental scientist with Land- mark Science & Engineering, a Professional Wetland Scientist (PWS), and MD DNR-Qualified Forest Professional with over 28 years of relevant experience. Landmark Science & Engi- neering is an award-winning consulting firm, started over 35 years ago in 1987 as Landmark Engineering, Inc. The firm is one of the regions’ largest and most diverse, integrated civil engineering and environmen- tal science consulting firms, providing professional services across the disciplines of site/ civil, water resources and envi- ronmental engineering and sci- ences, and land surveying. The environmental sciences include ecological (wetlands, forest, habitat) and site remediation/ brownfields. MAREJ
All non-forest cover types are documented. 3 – The third phase is pro- cessing the field data. Sample plot data is tabulat- ed to assign points to calculate the THVP which determines the FPL for each sample plot. Points are given for three cat- egories in the upper canopy: Large Trees (>18” DBH), Value Trees (UDC List), and Added Value Trees (Beech, Oak, Hickory). Value Tree points are also given where they oc- cur in the lower canopy, shrub layers, and herbaceous layer. Additional points are given for mature forest areas (woodland areas ≥0.2 acres dominated by trees greater than 18” DBH) and forest interiors (high-value secluded habitats ≥ 0.2 acres deep within woodlands ≥ 300 feet in from the forest edge). The Floristic Quality Index (FQI) is an additional factor based on every species that occurs in each sample plot. assist in the process. Legisla- tors in both houses of Congress introduced a bill to create a tax credit to convert unused of- fice buildings into residential, hotel or mixed-use properties. The Revitalizing Downtowns Act (S. 2511), which has not yet been voted into law, would create a 20% tax credit for expenses to convert obsolete office buildings, which are defined as structures that are at least 25 years old. Industrial Use In place of residential, certain property owners could turn to office-to-industrial conversions. Urban offices are attractive to e-commerce companies due to
The Forest Habitat Value Assessment (FHVA) Plan is a scaled drawing that accurately depicts all forest cover types;
5 – The fifth phase is a narrative. A narrative report accom- panies the FHVA Plan and
Contact Landmark Science & Engineering Please contact Craig Smith or your project manager
Global e-commerce giant pre- leases Duke speculative dev.
2 continued from page 2C Repurposing Commercial Office Buildings
their proximity to where people live. Multi-level warehouses are common in densely popu- lated areas in other countries. The trend has begun to show up in the United States as developers have transformed obsolete office buildings into warehouses; however, this trend has limited viability. Opportunities While widespread office- to-residential conversions may not be feasible in the near term, certain conver- sions offer opportunities. For example, some older commercial office buildings have construction details that new construction could not economically replicate.
Examples include high ceil- ings, ornate décor, and loca- tions where new construction of residential units would be very expensive. Office-to-residential con- versions will continue to be a widely discussed topic in the near term. Certain municipali- ties may look to be aggressive in encouraging such conver- sions through government incentives or public-private partnerships. Select contrac- tors may emerge as experts in conversion projects. Real estate investors will seek con- version projects that offer the highest possible returns. Jim Rickard is principal at Withum. MAREJ
parking for 125 cars. The facil- ity is being built to LEED cer- tification standards. The site is
PISCATAWAY, NJ — The New Jersey office of Duke Realty Corporation has
located near the New Jer- sey Turnpike, just minutes from New- ark Liberty International Airport and the ports of New York
preleased a 216,892 s/f speculative d e v e l o p - ment in Pis- cataway to JD.com, Chi- na’s largest direct online retailer with
Ben Rosen
Gregg Bazzani
and New Jersey and New York City. Duke Realty is expected to complete construction in fall 2022. “We have been working with Piscataway Township for some time to develop thoughtful, sustainable industrial facili- ties that generate tax revenue, remediate brownfield sites and create jobs,” added Rosen. “By working collaboratively, we have provided our tenants with strategically located modern warehouses and continued to be responsible corporate citizens of the communities we serve.” Rosen and Gregg Bazzani, Duke Realty development as- sociate in New Jersey, along with Noah Balanoff and Jacquelyn Severino with Colliers International rep- resented Duke Realty. Andy Ho with Kander Pacific, Inc. and Chuck Fern, Jason Barton and Thomas Tucci with Cushman & Wakefield represented JD.com in lease negotiations. MAREJ
more than 1,300 warehouses around the world. Duke Re- alty’s facility, currently under construction on a 21-acre site at 1570 South Washington Ave., has immediate access to I-287 and is only six miles from I-95 and Exit 10 — making it an ideal addition to JD.com’s logistics network. “Demand for distribution space along the New Jersey Turnpike corridor remains ex- cellent and the vacancy rate for industrial space in the 287 Cor- ridor submarket continues to hover near all-time lows,” said Ben Rosen , vice president of development and leasing in New Jersey for Duke Realty. “This type of well-located and highly functional distribution facility is what Duke Realty is known for and it is no surprise that we were able to quickly secure a lease for this specula- tive development.” Duke Realty is constructing the distribution facility with 40-foot clear height, 34 dock doors, 38 trailer spaces and
Walters plans to build premium income- restricted housing in Monmouth County
floor plans. Units feature a host of upgraded finishes and amenities such as full-size washers and dryers, dishwash- ers, controlled heating and central air conditioning. “Cornerstone at Holmdel combines quality design with environmental sustainability which will benefit the commu - nity for generations,” said Jo- seph Del Duca , partner and director of Affordable Housing for Walters. Residential amenities will include a fitness room, play - ground and outdoor areas with seating and gas grills. A staffed
social services coordinator will be available upon request. The new community will be ideally located near the Hol- mdel Towne Center and The Commons at Holmdel which offer a variety of shopping, din- ing and banking opportunities. Also nearby is Allocco Park, an 11-acre recreational area with a baseball field, basketball court, a walking trail, tot lot and more. Cornerstone at Holmdel will be available to residents whose incomes are at or below 60 percent of the area median income. MAREJ
HOLMDEL, NJ — Wal- ters will break ground on a premium income-restricted community in late summer, with plans to bring 50 units to the Holmdel market by 2023. Cornerstone at Holmdel will sit on nearly four acres on South Laurel Ave., near the corner of Middle Rd. Walters is planning to de- velop three new buildings de- signed and constructed to meet the requirements of LEED Gold and ENERGY STAR certification. The three-story buildings will offer flats with one, two, and three-bedroom
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