A foreign investor purchased 10 acres without conducting the minimum due diligence and later came to realize that more than 90% of the property was within the flood plain preventing the original pourpose of building a facility for maintaining a commercial fleet of class 8 vehicles.
We are completing a comprehensive CLOMR modeling and analysis to determine the viable options that may be proposed to the city, local and federal authorities to be able to recover a portion of the parcel and build the necesary vertical structures for such type of facility.
Our modeling process is currently showing the possibility of reducing from 90% to around 70% of the entire plot what will benefit the investor on optimizing the usability of the land. Further review is being performed by the city, SARA and later approval by FEMA.