Real Estate Development and P3

Venable offers fully integrated and innovative solutions to clients embarking on complex development projects. We approach each transaction by fully immersing ourselves in the needs and goals of both our clients and their counterparties, allowing us to find common ground as we move deals toward successful closings.

Venable’s Real Estate team is experienced in all aspects of real estate development, including transaction structuring, public and private funding and financing, complex utility and easement issues, land and development rights (FAR), acquisition and disposition, government approvals, and other regulatory issues. We are also skilled in resolving the conflicting legal and business concerns of public and private sector entities.

With a deep knowledge of state and local government, our team facilitates the process of securing necessary approvals and funding. We assist clients in complying with procurement and other requirements associated with government-sponsored projects, including minority- and women-owned business enterprises (M/WBE), living wage requirements, and prevailing wage requirements.

Our comprehensive practice allows us to advise clients on the full range of real estate, construction, land use, environmental, and other matters that can arise; document and negotiate lease agreements, development agreements, and financing transactions; and manage land use and environmental reviews – including under the federal National Environmental Policy Act (NEPA); the New York State Environmental Quality Review Act (SEQRA); the New York City Environmental Quality Review (CEQR); and the California Environmental Quality Act (CEQA), among others.

Venable is widely recognized for its representation of governmental and quasi-governmental entities and private parties undertaking government-sponsored or public infrastructure real estate projects. These projects often include the structuring and negotiation of public-private partnerships and crafting of interagency and intergovernmental agreements.

We treat each project as if it were our own, attentive to details big and small, while driving the agenda and pace to deliver results.

Experience
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Among our myriad matters, we have represented:

  • Amtrak in the redevelopment of the Farley Post Office in New York City as the new Moynihan Station. This project involved real estate, land use, and environmental issues; multiple sources of government funding; negotiation of construction agreements and a development agreement for design/build construction; formation of a commercial condominium; and negotiation of property management arrangements
  • The Studio Museum in Harlem in the design, construction, and financing of a new 80,000 square foot, $175 million museum on West 125th Street. The project involved a design and approvals process; real estate transactions with the City of New York; bridge financing; new markets tax credit financing and a related sublease structure; state attorney general, Department of Education, and State Court approvals; City Public Design Commission and Community Board review; CEQR environmental review; design and construction contracting; and local and M/WBE contracting, among other matters
  • New York City Economic Development Corporation (NYCEDC) in the remediation, redevelopment, and ground leasing of portions of the Willets Point neighborhood in Queens, New York. Our representation in this matter includes the negotiation of development agreements and long-term leases, and advice in connection with environmental remediation and the construction of water and sewer mains, roads, and other infrastructure
  • The Brooklyn Navy Yard Development Corporation in the negotiation of the Admiral’s Row development. The transaction involved the leasing of over six acres of the Brooklyn Navy Yard to a developer for the construction of light industrial, office, supermarket, community facility, and retail improvements, including development covenants and expansion options
  • A New York City university in connection with a partnership for the redevelopment and operation of university facilities, including the negotiation of a long-term net lease with development and operating covenants, and the formation of a commercial condominium
  • Sims Municipal Recycling in the negotiation of a 20-year lease of a City-owned pier in Brooklyn for the construction and operation of a recycling facility, including negotiating New York City Economic Development Corporation funding for the project
  • Jazz at Lincoln Center in the $200 million design and construction of the jazz facility in the Time Warner Center on Columbus Circle, located and funded through a public-private partnership that included a $34 million grant from New York City. This project also involved negotiation of a mixed-use condominium and resolution of matters related to fire and water damage to adjacent units during construction