The abundance of large shuttered industrial plants and the emergence of the clean energy economy has created a unique opportunity to breathe new life into these sites with an Eco-Industrial Park redevelopment plan. Forsite is actively involved in acquiring large, dormant industrial tracts that can be recycled into industrial parks with a major focus on clean energy project development.
Ideal sites for the EIP redevelopment model include large shuttered or underutilized manufacturing complexes of 200+ acres with large buffers. The sites have heavy infrastructure with active permits; rail, trans-loading, central steam plants, onsite power generation, waste-water treatment plants, water intake, dedicated natural gas, heavy electrical interconnect and/or deep water ports access.
We believe the Eco Industrial Park model represents a powerful and transformative redevelopment trend that can be duplicated throughout the US. An “industry transformer” that offers substantial upside to the earlier adopters.
Case Study – ReVenture Park™
Partnered with Clariant Corp to acquire a 667-acre former textile dye plant and registered Federal Superfund site. Negotiated the delisting from Superfund and secured a Brownfield Agreement in 2012. The redevelopment plan for this property serves as a template for future projects. The highly specialized skill set Forsite has gained developing ReVenture can be specifically transferred to projects throughout the Southeast. Forsite has gained national recognition with ReVenture Park, which is recognized as the largest, multifaceted Eco-Industrial Park being developed in the United States. In 2014, the project received the EPA’s “Excellence in Site Reuse Award”.
- 300,000 SF industrial space retrofitted for clean energy businesses
- 3.9 MW biomass power plant
- 177-acre land conservation easement
- 35 acre aquaculture production
- 52+ acre energy crop demonstration
- 185 acres sold to the City of Charlotte for a new $200MM WWTP
- Wilderness and Industry Together (WAIT) certified by NC DENR
- 2010 NC Sustainable Energy Association “Business Innovation Award”