News
Paint the Town Brown
June 2, 2011
| As the recession peters out and developers start looking to build again, infill is becoming more popular, and environmentally friendly corporations are starting to take a serious look at brownfields, Aon's Kenn Anderson tells us. He's speaking at Bisnow's Brownfields Forum at the Jenner & Block conference center on June 23, but we'll give you a sneak peak below. |
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| Kenn says Chicago has great examples of brownfields, or parcels of land that were undeveloped or underdeveloped because of perceived or actual environmental contamination. Many developments in the Streeterville neighborhood are brownfields, developed on a former radiation dial site. Another example: the residential Museum Campus area just south of Grant Park built on former industrial and rail sites. Kenn's job is to find insurance for developers or landowners who buy or sell these sites, commonly redeveloped for residential, commercial, and/or industrial purposes. Since the mid to late '90s, the EPA and state environmental regulators have applied more flexible cleanup standards for brownfield sites. Kenn says he's been very busy this year looking at sites for redevelopment, including one that'll get started soon in nearby Glenview and two more in Southern Wisconsin. |
