Tuesday, October 23, 2012

Sale of 430 acres might be close for Dow

Dow Chemical has an agreement of sale for roughly 430 acres of land in the Maple Beach area along the Delaware River, company officials said.

Bristol Township officials, hoping for commercial development along the river, expressed concern that the sale could remove land that could be developed by placing it in a wetlands bank and banning development.
But Ecosystem Investment Partners, which signed the agreement of sale with Dow, said commercial development will be proposed for the site.

“We are currently in the process of completing our conceptual land use plan for the property, but I can confirm that it will include a very balanced mix of traditional commercial development, open space conservation and public recreational use,” said Nicholas Dilks, managing partner of Ecosystem Investment Partners.

The firm is meeting with local community leaders and putting together its plans, which will “be easier to define in the coming months,” Dilks said.

The hundreds of acres near the Burlington-Bristol Bridge are made up of former industrial land, wooded wetlands, large bodies of water and former residential areas that were abandoned or bought out years ago.
Full story: http://tinyurl.com/9jt3eqh 

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