Environmental conditions can potentially account for an increasing percentage of front-end costs of development. Moreover, due to the application of strict liability laws, inadequately assessed environmental conditions can also potentially create a significant degree of unquantifiable risk for owners, equity partners and/or lenders. Nexus’ extensive experience with local, regional, and federal environmental agencies enables it to navigate through the identification, quantification and qualification cycles on any environmental issue and produce a risk/benefit assessment for our clients. Below are recent examples of our environmental work:
Westside Lofts Costa Mesa, CA 151 apartment units, 5 live/work loft units and over 40,000 sq. ft. of commercial office space in the Mesa West Bluffs overlay zone of Westside Costa
Department of Toxic Substances Control (DTSC) for soil and groundwater assessment and site remediation (which was a former manufacturing site) under California’s Land Reuse and Revitalization Act (only the 2nd of its nature in existence in California at the time) Completed building demolition and remediation of soil contamination, lead paint and asbestos Negotiated a long-term operation and maintenance agreement with DTSC requiring the installation and monitoring of a sub-slab soil vapor membrane and management system
MacArthur Place South Coast Metro, CA 791 residential units (including three 25-story condominium towers), 10,000 sq. ft. of office,
planned mixed-use commercial park.
♦ Obtained Southern California Regional Water Quality Control Board approvals ♦ Environmental issues impacting the site included extensive ground water extraction program necessitated by gasoline additive by-products in soil and
Sanitation District for disposal after in- situ treatment