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ATC Helps Prominent Shopping Village Achieve Environmental Compliance

February 20, 2018


cameron village.jpgAs one of the oldest shopping centers in the country, Cameron Village has seen its development coincide with decades of evolving environmental regulations.  From unknown environmental costs to closure from multiple North Carolina Department of Environmental Quality (NCDEQ) agencies, ATC has helped Cameron Village continue its path as one of Raleigh, North Carolina’s most prominent commercial real estate properties.   

The Drivers

The owner wanted to sell the property, but the transaction was impeded by multiple potential environmental concerns, including: 

  • Two open leaking underground storage tank (LUST) incidents and nine unassessed underground storage tanks (USTs)
  • Three unassessed historical dry-cleaning facilities and solvents confirmed in a downgradient stream
  • Asbestos-containing materials (ACM) in friable thermal system insulation

The Results

In an expedited timeframe, ATC tackled the environmental concerns to define environmental cleanup costs and facilitate the property sale. Solutions included: 

  • Obtaining No Further Action (NFA) designations for nine USTs and the remaining two LUST incidents covered by the North Carolina UST Trust Fund
  • Assessing the extent of dry-cleaning solvent contamination and entering the sites into the NCDEQ Dry-Cleaning Solvent Cleanup Act (DSCA) Program
  • Developing an operation and maintenance plan and obtaining bids for the abatement of ACM

Following the sale of the property for an estimated $50 million, ATC continued work under contract to the DSCA Program. The work included vapor intrusion assessment, remediation and risk assessment, enabling one of the largest risk-based closures in the Program’s history.

 Ensuring Business as Usual

Whether dealing with a big box store or a stand-alone facility, ATC’s retail development and operations experts deliver customized service each step of the way. From site selection to grand opening, our team provides tailored services to every client through all phases.

Contact us if we can be of assistance.

Topics: Commercial Real Estate, Environmental Due Diligence, Tanks

About this blog

Welcome to our postings on the environment and regulatory impact.  We strive to keep you informed with the latest changes in regulations and with lessons learned from our time in the field


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