Enterprise Avenue Industrial Park
The Enterprise Avenue Industrial Park is a classic brownfields redevelopment project comprised of a series of privately held, abandoned, industrial properties, targeted for redevelopment as a new, state-of-the-art industrial park with complimentary public open space along the Assunpink Creek.
Brownfield Redevelopment Solutions, Inc. (BRS) negotiated property donations and sales to the City of Trenton, managing liability issues associated with a third party responsible for site environmental contamination. This involved three separate legal and financial agreements between:
- The City of Trenton and the New Jersey Department of Environmental Protection
- The City of Trenton and the former property owner
- The City of Trenton and the former owner of the liability
As a result of these negotiations, an escrow account was established to cover estimated environmental costs.
BRS provided expert testimony for establishing the redevelopment area, selected and obtained a suitable landscape architect and engineering firm to design the project and provided managerial oversight for the demolition contractor, architects and engineers. BRS also provided community outreach services and assisted in attracting competent site developers. BRS further acquired and managed the funds necessary to complete this project including a US Economic Development Administration Grant exceeding $6 million.
With the completion of the greenway and environmental at the site, BRS continues to coordinate with the designated developer to build the industrial park. In addition BRS is managing negotiations with Conrail and adjacent landowners to facilitate the abandonment and relocation of the remaining railroad spur, enabling industrial park expansion.
Location: Trenton, New Jersey
Client: City of Trenton, 319 East State Street, Trenton, New Jersey 08608