Due Diligence

The Importance of the “Due Diligence” Period During Development

Issues which must be addressed during the due diligence period to determine the project’s feasibility include: Zoning – Can the property be developed with the intended uses? Is rezoning required and is it possible? What limitations are in place in the zoning ordinance regarding: intensity of use; height restrictions; ground coverage; parking requirements; building and […]

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The “Due Diligence” Period, Part II

by Geoffrey Butler, AIA

A continuation on last week’s due diligence discussion. ● Hazardous wastes – Has an environmental assessment been completed on the site? Are there hazardous wastes on site which must be removed? At what cost? ● Soil Investigation – What are the soil conditions on site? Is there solid rock six inches below grade? Is the soil […]

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The “Due Diligence” Period, Part I

by Geoffrey Butler, AIA

There is a period during the development process which is critical to the success of a project. This is the period between the decision to purchase a piece of property and the actual purchase. This period is called the “Due Diligence” period. During this period it is the buyer’s responsibility to exercise due diligence in investigating […]

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