The Garden State – you view it as a land of opportunity for your next commercial development project. According to the latest U.S. Census, New Jersey has 21 counties, 565 cities, towns, and villages, and 233 special districts, spanning 8,000 square miles; deciding on where and what to build involves a significant amount of due diligence – and good legal counsel to help mitigate risk before you break ground.
Is your proposed development truly viable for the location? Some considerations includes:
- Property size
- Traffic flow
- Zoning Restrictions
- Surrounding Infrastructure
- Potential Access Points
- Competitors (and their performance)
- Nearby tenants (and their sales data)
Here is where a deeper dive is needed to ensure legal requirements are satisfied and to evaluate the risks and advantages of the transaction. Developers must thoroughly examine zoning restrictions, potentials liens, possible encroachments on the property and a range of other issues.
It’s important to remember that no two municipalities are the same, so initial engagement with planning departments will provide a sense of how pro-development the county might be.
Weiner Law Group: Helping you set a solid foundation for your next commercial venture
Commercial real estate development is often a complex, highly regulated process that must be carefully navigated for a successful transaction. It’s also necessary to be in compliance with the many local, federal and state laws in order for the process to be valid. The attorneys at Weiner Law Group can help keep your project on point with legal requirements at every stage in the process. To schedule a consultation, call us at 866-899-1138 or learn more about our Real Estate Group.