Supersized: Supersized: Unique Challenges And Opportunities Unique Challenges And Opportunities

Of Very Large Brownfield ProjectsOf Very Large Brownfield Projects

EPA Brownfields ConferenceEPA Brownfields Conference(November 3, 2005)(November 3, 2005)

Joe Boren Tom Darden Michael Hill Chris Olson Randy PrimasChairman CEO Founder Real Estate Reuse COOAIG Environmental Cherokee Investments Michael Hill Group BP City of Camden, NJ

Joe Boren Tom Darden Michael Hill Chris Olson Randy PrimasChairman CEO Founder Real Estate Reuse COOAIG Environmental Cherokee Investments Michael Hill Group BP City of Camden, NJ

22

BP, Platte RiverBP, Platte River

HistoryHistory

33

BP, Platte RiverBP, Platte River

RemediationRemediation

44

BP, Platte RiverBP, Platte River

ReuseReuse

55

BP, Llandarcy, WalesBP, Llandarcy, Wales

66

BP, LlandarcyBP, Llandarcy

77

BP, BaltimoreBP, Baltimore

88

BP: Kenosha, 115-Year-Old Brass PlantBP: Kenosha, 115-Year-Old Brass Plant

Problem: Lots UnknownsProblem: Lots Unknowns

Opportunity: Opportunity: • ““Size justified risks”Size justified risks”• TIF ($3M)TIF ($3M)• Brownfield Grants ($2M)Brownfield Grants ($2M)

Redevelopment Underway: Redevelopment Underway: Retail, Residential, Retail, Residential, RecreationalRecreational

99

BP, Kenosha (post-demolition)BP, Kenosha (post-demolition)

1010

BP, Kenosha (redevelopment underway)BP, Kenosha (redevelopment underway)

1111

AIG Atlantic Station AIG Atlantic Station (historical)(historical)

1212

AIG, Atlantic StationAIG, Atlantic Station

1313

AIG Atlantic StationAIG Atlantic Station

1414

AIG, Atlantic StationAIG, Atlantic Station

1515

NORTH HILLS MALLRaleigh, North Carolina

31 acres

Mixed-use Redevelopment Includes: •300,000 sf - Anchor Tenants

•210,000 sf - Retail Shops and Restaurants•100,000 sf - Office Space •150-room Boutique Hotel

1616

Cherokee: North Hills, Mall (Raleigh, NC)Cherokee: North Hills, Mall (Raleigh, NC)

1717

Raleigh, North CarolinaCherokee: North Hills, Mall (cont’d)Cherokee: North Hills, Mall (cont’d)

1818Redevelopment Plan

Cherokee: North Hills, Mall (cont’d)Cherokee: North Hills, Mall (cont’d)

1919

Raleigh, North CarolinaCherokee: North Hills, Mall (cont’d)Cherokee: North Hills, Mall (cont’d)

2020

GENERAL MOTORS CANADABoisbriand, Quebec

232 acres

Mixed-use Redevelopment Includes: •82 Acres - Retail

•60 Acres - Residential Mixed-use•54 Acres - Prestige Industrial

•36 Acres - Infrastructure and Open Space

2121

Cherokee: General Motors, QuebecCherokee: General Motors, Quebec

2222

Cherokee: General Motors, Quebec (cont’d)Cherokee: General Motors, Quebec (cont’d)

2323

Cherokee: General Motors, Quebec (cont’d)Cherokee: General Motors, Quebec (cont’d)

2424

GATES RUBBER CORPORATIONDenver, Colorado

50 Acres

Transit-oriented Development Includes: •4,000 Residential Units

•1.5 Million+ Square Feet - Office, Retail and Entertainment

•Additional 15+ Acres for RDT

2525Contaminated Site

Cherokee: Gates Rubber, DenverCherokee: Gates Rubber, DenverCherokee: Gates Rubber, DenverCherokee: Gates Rubber, Denver

2626Redevelopment Plan

Cherokee: Gates Rubber, Denver (cont’d)Cherokee: Gates Rubber, Denver (cont’d)Cherokee: Gates Rubber, Denver (cont’d)Cherokee: Gates Rubber, Denver (cont’d)

2727RDT Station

Cherokee: Gates Rubber, Denver (cont’d)Cherokee: Gates Rubber, Denver (cont’d)Cherokee: Gates Rubber, Denver (cont’d)Cherokee: Gates Rubber, Denver (cont’d)

CHEROKEE: NEW JERSEY PROJECTS

Meadowlands Golf Village

Pennsauken

Camden

North Arlington

2929

CHEROKEE: PENNSAUKEN & CAMDEN, NJ

3030

•450 Acres along Delaware River in Camden

•5 Minutes To Philadelphia

•New Bridge

•5,000 Residential Units

•Regional Retail

•Golf Course

CHEROKEE: CAMDEN, NJ (Cramer Hill)

3131

CHEROKEE: CAMDEN, NJ (Cramer Hill)