ECAP brought an interested developer a project that involved the acquisition, cleanup, and redevelopment of a 10-acre, former metal fabricating site with soil and groundwater contamination from leaking underground storage tanks.
ECAP partnered with a qualified team to purchase the property, structure the deal, raise the necessary capital, and negotiate environmental insurance coverage utilizing the Commonwealth of Massachusetts' brownfield redevelopment program to dramatically reduce costs and transfer liability. The site has been successfully developed into a supermarket, providing an anchor for regenerating an urban neighborhood.