Press Release brought to you by River Drive Construction

River Drive Construction and First Evergreen Properties Partner to Successfully Remediate Montvale, N.J., Property

07/19/2012

FOR IMMEDIATE RELEASE




River Drive Construction and First Evergreen Properties Partner to Successfully Remediate Montvale, N.J., Property

- N.J. Department of Environmental Protection Program Expedites Cleanup of Contaminated Site -

The remediation by River Drive Construction and First Evergreen Properties of a contaminated property in Montvale, N.J., has demonstrated the value of New Jersey's new Licensed Site Remediation Professional Program, whose aim is to protect the public health and generate opportunities for redevelopment by expediting environmental cleanups.

Under the new system, highly qualified environmental consultants called Licensed Site Remediation Professionals, or LSRPs, carry out site remediation work under strict standards established by the N.J. Department of Environmental Protection (DEP). The program was established in an effort to overhaul the state's site remediation system, which had proven to be cumbersome and inefficient, according to the DEP.

Because the Montvale property, located at 10 Craig Road, had historically been used as an apple orchard, the site was contaminated with pesticides. The environmental clean-up, which involved the removal and recycling of 700 tons of contaminated soil, was expedited through the LSRP Program, with the result that a clean-up that formerly might have required a lengthy wait took fewer than six months to complete. 

"We're thrilled that River Drive has been able to return an underutilized property to productive use, which demonstrates the success of the LSRP program in speeding up cleanups," said Joseph Langan, president of River Drive. "By allowing us to complete the cleanup more quickly, the program has also helped the common good by lowering the risk to public health and to the environment." 

The LSRP program, which was established under the Site Remediation Reform Act of 2009, has been phased in over the past three years, with full implementation having taken place in May. The program allows the DEP to focus its resources on sites with the highest potential risk to human health and the environment by shifting the task of remediating the remaining sites to the LSRP Program. 

"We are excited to have partnered on this project with River Drive Construction," said Lee S. Goldmeier, principal and founding member of First Evergreen. "The project was completed in less than six months and at 15 percent below budget. In addition to being a benefit to public health, this project also benefits the economy: returning the property to productive use creates jobs and contributes to local tax revenues."

According to the DEP, New Jersey has nearly 15,000 contaminated sites that need to be cleaned up, about 9,000 of which are eligible for the LSRP program. The remaining sites include residential underground heating oil tank cases that are exempted under the act, cases that require long-term monitoring, federally led cleanups and DEP publicly funded cases. About 1,200 cases have been closed since the start of the program. 

"With qualified LSRPs directing cleanups, New Jersey will be able to greatly increase the pace of remediation, with a concomitant reduction in the number of contaminated sites," said Langan. "The property at 10 Craig Road is one of many examples of the effectiveness of this new program at streamlining cleanups." 

First Evergreen, based in Fairfield, N.J., is a real estate investment and advisory firm that provides equity investment and a broad range of advisory services targeted to the real estate industry. The LSRP for the project was provided through Atlantic Environmental Solutions, a full-service environmental consulting firm based in Hoboken, N.J. 

About River Drive Construction 
River Drive Construction, based in Elmwood Park, N.J., was established in 1989 by Bernard F. Langan, the founder and former president of Langan Engineering Associates, as the firm's construction arm, later shifting to providing construction and consulting services to developers, management companies, end users and major corporations in New Jersey, southern New York and Pennsylvania under the direction of Joseph Langan. Since its founding, River Drive has completed hundreds of projects in the corporate interiors, science and technology, hospitality, institutional, healthcare and retail sectors, as well as doing general construction and ground-up projects. With roots as both owners/developers and consulting engineers, the firm has always provided its clients with a level of service beyond that of most general contractors and construction managers. For more information, please visit the website at www.riverdrive.com.

About First Evergreen Properties 
First Evergreen, with offices in New Jersey, Pennsylvania and Florida, is a real estate investment and advisory firm that provides equity investment and a broad range of advisory services targeted to the real estate industry. These services include asset management, land entitlement and rezoning, project development and project financing for commercial and residential real estate. Lee Goldmeier and Daniel Cohen are the principals. 



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07/19/2012 - 14:00

Source

River Drive Construction

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