Often, the redevelopment of an urban area requires assembling multiple parcels of land. This assembly process can place great stress on the redevelopment effort creating complications and lawsuits and requiring the commitment of significant risk capital very early in the development process. Applied is an expert in assembling properties using good faith negotiations, and where necessary, the help of eminent domain to accomplish a redevelopment effort. In Long Branch, Applied acquired over 60 separate properties, which required the relocation of over 200 residents and businesses in assembling its Pier Village. and Beach North sites. Although arduous, the process was completed in record time with the vast majority of relocatees finding better accommodations than they had previously. Although the condemnation and relocation process often makes elected officials anxious, this is a vital and necessary tool in redeveloping downtown areas, and an area where experience and expertise can make the difference between success and failure of the development effort.
Equal Housing Opportunity