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Got Entitlements?

Entitlements are key when developing or selling large commercial or industrial tracts of land. When a buyer or tenant comes into a market looking for a property, they typically want to move ahead with their project as soon as possible and time is of the essence.  If your property is not generally entitled for the proposed use, then you likely just lost an opportunity due to the unknown schedule and outcome of the entitlement process.

What are Entitlements?

Entitlements for a commercial or industrial development include Site Plan and SEPA (State Environmental Policy Act) approvals from the agency that regulates the property. Typical site plans will show the proposed building square footage, parking and drive aisles for both cars and trucks, storm drainage facilities, landscape, buffers and setbacks. In some jurisdictions, SEPA may require a preliminary fill and grade plan.  These approvals also require consultant studies, such as, traffic studies, storm drainage analysis and wetlands.

Site plan and SEPA approvals can be completed for an assumed maximum build-out of the site and the addendums can be approved by the agency issuing the original approvals.  

Addendums allow the property owner to tailor existing entitlements to meet the needs of a development proposal when the opportunity arises.  This saves time and allows more predictability in the process.   

 

What Benefits do Entitlements Provide a Buyer or Tenant?

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Stop! Read This Before Replacing or Updating Your Hydro Turbines (Part 2)

Overcoming Geographic Challenges (Part 2 of a 4 Part Series)

Updated June 14, 2016

In my last post, I committed to an ongoing discussion about issues you should consider before replacing or upgrading an existing hydropower turbine. These are challenging projects which will tax even the most savvy operator. I also discussed ways to mitigate risks through effective contracting and project management.  

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What Can You Do With Roundabout Real Estate?

Agencies all over the world are looking to roundabout art to provide aesthetically pleasing options to roundabout real estate that is otherwise difficultto maintain. As we continue along our Roads 2.0 series, I’d like to share a Q/A session I had with Brad Emerson, Special Projects Director with the City of Bend, Oregon regarding their successful roundabout art program.

Upon arrival into Bend, I stopped into the “Visit Bend” visitor center, picked up a map showcasing their collection and participated in a self-guided tour of their “Roundabout Art Route”.   They have turned these impressive works of art into an opportunity to promote tourism.  It also provides a firsthand look into the infrastructure changes and growth happening within their community.

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Stop! Read This Before Replacing or Updating Your Hydro Turbines (Part 1)

(Part One in a Series of Four Topics)

Updated Jun 14, 2016

Replacing or upgrading existing hydropower turbines is no small task. You’ll face a number of challenges including the sourcing of parts from all over the world, remote work locations, internal staff turnover, difficult contractual relationships, deadlines, and budget constraints. There will be plenty of reasons you won’t sleep at night.  

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