ASSESSMENT AND INCENTIVES
GRAND RAPIDS, MI
ASTI Environmental assisted in the redevelopment of 4,700,000 square feet of obsolete heavy industrial buildings on the 206 acre campus of Steelcase Products in Grand Rapids, Michigan. To address financing gaps, this project required ASTI to develop a Brownfield Redevelopment Plan and an Act 381 Brownfield Work Plan, as well as an MBT Credit Application to qualify the project for Brownfield Incentives. ASTI secured over $20 million in various incentive programs for this project.
Assessment activities included a Phase I ESA, Phase II Environmental Investigation, asbestos inspections, and a Baseline Environmental Assessment covering the entire campus, followed by individual Baseline Environmental Assessment for subsequent purchasers and tenants. A Due Care Plan was also prepared for both construction and operation.
ASTI also assisted with project scheduling, changes to the purchase agreement language, and coordinating an exit strategy for the selling which included contingencies for impacts that could be discovered during site preparation and construction.
ASTI Environmental finished the project under budget, and continues to assist with site redevelopment, environmental issues, and tax credit accounting to support the phased redevelopment of this property