The What and the Why
A former vending machine plant in Whippany N.J., with more than 400,000 square feet spanning 50 acres, lay idle and environmentally tainted. Hanover Township, a thriving community with more demand than available land for development, foresaw a 50 single-family home community, but the clean up of contaminated land to make it livable and attractive required precision, experience and acumen.
The dilapidated, 400,000 square foot building was more than an eyesore. The land was toxic; underneath, the water tainted. For many developers, this was a project to avoid. Adaptive land re-use is a challenge. But, with a partner like JMF Properties, it’s also an opportunity.
JMF's principal, Joe Forgione, along with other partners, worked tirelessly with the N.J. Department of Environmental Protection and the township of Hanover to secure entitlements. After multiple negotiations, Joe and his other partners was able to commence work on the complex and challenging clean up of the site.
In 2014, a new upscale community of highly-amenitized homes, Forest Hill, rose with great success. Not only did the 50-single family homes meet the challenging demands of the thriving Hannover Township community, tax revenue exceeded the cost of the remediation, and the environment was transformed for the benefit of all the community.