All sites are enrolled into a Voluntary Cleanup Program. This will include filing required environmental reports and applications with the state agency. Kingfisher secures receipt of a "comfort letter" which releases a potential seller and purchaser from any liability that might be associated with environmental contamination on the property
Kingfisher works directly with municipalities to effectively manage all the elements of the brownfield development. This is achieved in a manner that is cost-effective and with a consistent eye towards the redevelopment of properties back onto the tax rolls.
A number of pollution liability indemnification products have emerged over the past few years in response to the growing brownfield redevelopment market. Kingfisher Group obtains the most cost-effective package tailored to meet the needs of the client.
Kingfisher Group takes an equity position in brownfield redevelopment projects. Kingfisher is currently redeveloping the former Sloan Valve Company factory building in Chicago's West Garfield Park neighborhood. Kingfisher is also redeveloping a former contaminated gasoline station in the Village of Lynwood, Illinois.
Kingfisher oversees all aspects of a redevelopment project including, architectural reviews; bid reviews; contractor oversight and coordination; permitting; easement and variance negotiations; construction management.
Depending on site location, economic feasibility and end-use criteria, Kingfisher Group initiates an aggressive marketing campaign from the start of a redevelopment. Strategies include direct mail, internet advertising, target phone sales and effective signage. Kingfisher Group is a fully licensed real estate broker in the State of Illinois.
Kingfisher Group's core philosophy centers on sustainable use. The application of sound practices to recycle contaminated property is equally channeled into the planned use of the property after renovation. We are committed to integrating green building elements into all our redevelopments.
Brownfield redevelopments are essentially real estate ventures with an added environmental component. Kingfisher Group utilizes public initiatives that will facilitate the remediation and redevelopment process, including, but not limited to Empowerment Zones and Enterprise Communities, Tax Increment Financing (TIF's), Municipal Groundwater Ordinances, U.S. EPA Revolving Loan Fund, Brownfield Property Tax Incentives and Historic Tax Preservation Credits.