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Brownfield Redevelopment
Investment Opportunities
Kingfisher Group takes an equity position in brownfield redevelopment
projects. Kingfisher is currently redeveloping
the former Sloan Valve Company factory building in Chicago’s
West Garfield Park neighborhood. Kingfisher is also redeveloping
a former contaminated gasoline station in the Village of Lynwood,
Illinois.
Project Management
Kingfisher oversees all aspects of a redevelopment project including,
architectural reviews; bid reviews; contractor oversight and coordination;
permitting; easement and variance negotiations; construction management.
Municipal Coordination
Any prospective redevelopment strategy needs to be
coordinated with local agencies. Such issues may include zoning and land
use approvals, permitting, community relations and easement reviews. Kingfisher
sets a priority from the start of any redevelopment to coordinate and
update all local stakeholders including local industrial retention groups;
neighborhood organizations; local employment agencies and city council
representatives.
Brokerage and Sales
Depending on site location, economic feasibility and end-use criteria,
Kingfisher Group initiates an aggressive marketing campaign from the start
of a redevelopment. Strategies include direct mail, internet advertising,
target phone sales and effective signage. Kingfisher Group is a fully
licensed real estate broker in the State of Illinois.
Green Building
Kingfisher Group’s core philosophy centers on
sustainable use. The application of sound practices to recycle contaminated
property is equally channeled into the planned use of the property after
renovation. We are committed to integrating green building elements into
all our redevelopments.
Public Assistance
Brownfield redevelopments are essentially real estate ventures with an
added environmental component. Kingfisher Group utilizes public initiatives
that will facilitate the remediation and redevelopment process, including,
but not limited to Empowerment Zones and Enterprise Communities, Tax Increment
Financing (TIF’s), Municipal Groundwater Ordinances, U.S. EPA Revolving
Loan Fund, Brownfield Property Tax Incentives and Historic Tax Preservation
Credits. Learn
more.
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