Brownfield Partnership

Breaking new ground through the renewal and reuse of contaminated real estate.
Conor Pacific formed Brownfield Limited Partnership with a well-known western Canadian developer, Chrisen Realty, to unlock the value of contaminated land through remediation 

Brownfield property development in Cochrane Alberta.

and redevelopment. This process is commonly known as Brownfield Property Development. The Brownfield Partnership directs third party environmental consultants and remediation contractors using it's own project and construction capabilities, risk management and real  estate development experties to provide a uniquely integrated total-solution approach.

The concept of renewal and reuse of contaminated real estate has been developed by Conor Pacific over the last three years in order to take advantage of the opportunities that exist for the rehabilitation and subsequent development of environmentally impaired real estate in urban areas.

Brownfield Development is the art of reclaiming contaminated sites. The U.S. Environmental Protection Agency (EPA) defines Brownfields as "abandoned, idled or under-used industrial and commercial facilities where redevelopment is complicated by real or perceived environmental contamination." Estimates show that there are more than 25,000 contaminated sites located in core urban areas in Canada, and approximately 500,000 contaminated sites in the United States.

Typically in urban areas, these sites have the potential to be developed for commercial, recreational or residential use. Most are abandoned, provide no employment opportunities for the local community and are not reaching their full economic potential.

With Conor Pacific's recognized skills in funding remediation and real estate development, the Brownfield Partnership is successfully converting contaminated (brownfield) land into valuable real estate for development.

For more information on our Brownfield Property Development business, please go to our Contact Us section of this web site.
 

 

"With brownfield development, everyone is a winner. The former property owner removes a liability from their balance sheet and the surrounding neighborhood sees a contaminated site remediated. The municipality gets a new source of tax revenue, with development taking place where existing infrastructure and services are already there to service the site"