An investor acquired a contaminated manufacturing property as part of Madison, Indiana’s Riverfront Development Project along the Ohio River.
BACKGROUND
For a century, Tower Manufacturing produced nails and tacks. After manufacturing ceased, the building sat empty for two decades and began to erode. The facility covers an entire city block within a critical area of Madison’s redevelopment plans. Contamination from the manufacturing caused developers and several investigatory Brownfields grants to pass on the property. In 2018, an investor who resurrects environmentally impacted properties for redevelopment bought the property.
APPROACH
The investor contacted EnviroForensics, and we connected the investor with a local developer, Denton Floyd Real Estate Group, who purchased the property and has redeveloped the building into senior housing. EnviroForensics enrolled the site into IDEM’s Voluntary Remediation Program and conducted the requisite site investigation and remedial activities in a compressed time frame allowing the developer to meet its financing and construction schedule. In addition, EnviroForensics conducted insurance archeology to reconstruct the timeline of past industrial owners and operators who contaminated the site and are being pursued for cost recovery.
OUTCOME
The redevelopment, known as Riverside Lofts, is a senior housing project on the west end of downtown Madison. The project served as a bookend to the city’s more extensive redevelopment plans along the riverfront and was instrumental in the city being awarded the prestigious Stellar Grant.
EnviroForensics provided insurance archeology, remediation, and redevelopment services to the new owner of a historic industrial property prominently located in Evansville’s downtown TIF district.
BACKGROUND
A large, historic drycleaning property built in the early 1900s was impacted with PCE contamination, which spread to a nearby landmark, the Willard Carpenter House. Both properties had recently become vacant, and contamination issues ended several redevelopment deals.
APPROACH
An investor purchased the drycleaning property and retained EnviroForensics, who located the historical insurance coverage to pay for the necessary cleanup. EnviroForensics conducted remedial actions required to get the site through the regulatory closure process. The cleanup at both the drycleaning property and the Willard Carpenter House was funded by historical insurance coverage.
OUTCOME
The former drycleaning building is undergoing adaptive reuse as an office building while EnviroForensics’ remedial activities are being performed, without conflict or delay to the redevelopment project.
EnviroForensics took an abandoned Brownfields site and redeveloped it into our new, cutting-edge workspace. It’s our story of conservation and reuse, expanding the tax-base, and being a part of the Indianapolis community.
BACKGROUND
A 23,000 sq. ft. transmission repair shop dating back to the 1930s was impacted by environmental contamination. The past auto repair operations had unexpected spills and releases of oils and solvents into the soil and groundwater. There was also contamination originating from an unknown, upgradient source beneath the property. The contamination was a barrier for redevelopment on downtown Indianapolis’ Capitol Avenue.
APPROACH
EnviroForensics’ insurance archeology division, PolicyFind™, located historical insurance policies that were used to fund the environmental site investigation and cleanup. We investigated the extent of environmental impacts in cooperation with the state regulatory agency and installed a vapor mitigation system to protect the health of our employees.
OUTCOME
After the vapor mitigation system was installed, EnviroForensics brought our vision for a new headquarters to life. We reused the structure to maintain the neighborhood’s industrial heritage. Now, we have over 30 employees in downtown Indianapolis contributing to an improved tax-base and the continual development of the Circle City.
