Project Detail: Aldi
GEMCAP successfully navigated complex zoning, environmental contamination, and infrastructure challenges to deliver a fully functional site to an international grocer. By collaborating with environmental experts to address groundwater contamination and leading stormwater and sewer system improvements, GEMCAP resolved issues that had been overlooked by the original master developer. Their efforts not only preserved the value of the property for the tenant but also enhanced the surrounding area’s long-term growth potential.
Factors for Success
Overcoming Development Challenges
GEMCAP took on the task of delivering a pad to an international grocer in a highly desirable growth area. Despite the appeal of the location, the region was known for its complex zoning and land-use regulations, which posed significant challenges to the development process. GEMCAP navigated these hurdles to secure the successful delivery of the site.
Addressing Environmental Issues
The property had residual contamination from a demolished gas and service station, which could have jeopardized the development. GEMCAP collaborated with environmental professionals to treat groundwater contamination using a bacteriological agent. This process successfully reduced contamination levels below the required threshold, allowing GEMCAP to obtain a No Further Action letter from the state, preserving the property’s value for the tenant.
Stormwater and Sewer System Improvements
The project also involved addressing unresolved infrastructure issues caused by insufficient planning in the original master development. GEMCAP took the lead in designing off-site stormwater improvements to accommodate flooding concerns and upgrading the undersized sanitary sewer system. These enhancements increased the capacity of the on-site sewer system and enabled the grocery site to proceed with development.
Enhancing Property Value
GEMCAP’s planning efforts not only benefited the grocery site but also increased the value of the surrounding properties. By resolving access, utility capacity, and stormwater issues that had been neglected in the original master plan, GEMCAP contributed to the overall improvement of the development area.
Outcome
Through careful planning and execution, GEMCAP delivered a fully functional site to the international grocer while overcoming environmental, utility, and zoning challenges. Their efforts not only secured the success of this project but also enhanced the long-term value of the surrounding properties, positioning the area for continued growth.
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Additional Project Details
Dental Care at Gaston Day
Gastonia, NC
GEMCAP partnered with a national dentistry group to secure a location in a rapidly growing area near Charlotte, NC. This project involved delivering a shell building on a Publix outparcel.
VCU Health
Tappahannock, VA
GEMCAP acquired a property previously managed by a national healthcare provider and resolved existing issues to the satisfaction of both the tenant and a future buyer.
Partner for Success:
Contact GEMCAP Capital today to start the conversation. Let’s turn your vision into reality.
