2C — April 22 - May 19, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


Ask The Expert

By Daniel J. Caldwell, Stout & Caldwell, LLC Opportunity Zones What is the role of a civil engineer & surveyor?


t has been a few years since the State of New Jer - sey introduced the “Oppor -

vantages vary but the shared result is for private sector investment vehicles, known as Opportunity Funds, to be used in rebuilding some of the state’s (and country’s) suffering rural and urban com - munities. Due to the program structure and its governance by two Internal Revenue Code sections, Opportunity Zones are viewed as less restrictive, less costly and less reliant on the government ~ all benefits that draw great attention from investors. At the same time, the dollars are put to good use in areas that really need

support. OK – For anyone in the real estate and economic develop - ment industries, none of this is new. “Opportunity Zones” is a phrase that has become a part of everyday conversation. But what is the role of a civil engineer and surveyor? As with any development, determining the viability of a project is key and a conceptual plan is often the first step. This is where the civil engineers and surveyors go to work. It begins with a comprehensive site assessment and feasibility analysis. This is done on both

a macro and micro level. The assessment outlines the prop - erty boundaries, including front, back and side setbacks, and surveys the site topogra - phy. Other components often include an expanded ALTA survey and preliminary re - view of environmental related conditions, such as Phase I environmental, wetlands, soils, basins and storm water management. Consideration is given to parking allotment, ingress and egress access, as well as turning radii specifi - cally for industrial warehouses and sites with loading docks

and bays. Any conceptual plan should review the approved zone, allowable site uses and any state or local permits pre - viously granted for the lot. At times, the work will even in - clude the most finite of details, such as landscaping. Once prepared, the concep - tual plan is put to good use. It allows parties to the project to evaluate risks and plot solutions in order to avoid potential pitfalls and ensure the best possible likelihood for success. It provides key details needed for permitting and planning board testimony. Circling back to the topic at hand… An Opportunity Zone, and the challenges of its location within an economi - cally distressed community, often makes the importance of traditional engineering and surveying even more critical to the development project. A knowledgeable team can help navigate the complexities and provide the answers to assure the best possible outcome. Member o f St out & Caldwell, LLC, Daniel J. Caldwell is a co-founder and principal. With more than 25 years’ experience, his primary focus is new business development and marketing of the firm but also assists with office oversight and proposal writing. MAREJ DMR Architects names Kapoor its first C OO HASBROUCKHEIGHTS, NJ — DMR Architect s has named Pradeep Kapoor, AIA, LEED AP BD+C its new chief operating officer. Pradeep Kapoor’s 21-year tenure at DMR has included several roles through which he has managed many of the firm’s most complex design and construction projects, primarily focusing on the municipal, healthcare, and education practices. In 2017 he was named a partner in the firm while serving as its director of sustainabil - ity. A passionate sustain - able designer, he was among the first architects in New Jersey to achieve LEED ac - creditation, and helped build DMR’s esteemed sustainable design program, which today includes certified, silver and gold level projects. MAREJ

tunity Zones Program” as part of the Tax Cuts and Jobs Act. The intention: To e n c o u r a g e e c o n o m i c development and invest - ment in low

income, economically dis - tressed communities through the use of capital gains tax incentives. The available ad - Daniel J. Caldwell


MARE Journal Best Engineering of 2021 Awardee Stout & Caldwell Engineers is Growing and We Need You! IMMEDIATE OPENING FOR EXPERIENCED LICENSED DESIGN ENGINEER

• Location: Cinnaminson, NJ

• Stormwater design and advanced grading

• Minimum of 5 years of design engineering experience • Commercial/residential site plan, sanitary, sewer,

• Proficiency in design using AutoCAD and HydroCAD 2020 • Strong knowledge of grading and site contouring

and roadway design • Excellent presentation / communication skills This is a full time position and we offer a competitive compensation package including medical, dental, life insurance, vision, 401k and profit sharing. We are an Equal Opportunity Employer M/F/D/V. We maintain a drug-free workplace. WINNERS NEED ONLY APPLY Please submit resumes, inquiries and questions to resume@stoutcaldwell.com ABOUT STOUT & CALDWELL ENGINEERS Founded in 2004, Stout & Caldwell Engineers is a provider of professional and technical engineering and consulting services to commercial real estate development, affordable housing, residential developers, retail developers, industrial developers, food manufacturers, military contractors, construction firms and non-profit organizations. The firm specializes in site plan design, land survey and environmental solutions in the tri-state area.

Contact Us To Learn More 705 US Route 130 South, PO Box 2290 | Cinnaminson, NJ 08077 | 856-786-2202 | www.stoutcaldwell.com

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