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Guidance for commercial development goals

On Behalf of | May 18, 2020 | Commercial Real Estate |

Developing property in Massachusetts for commercial purposes can lead to complex legal challenges. In addition to permits and zoning restrictions, there can be state laws and other factors to consider when purchasing property for commercial development. A developer or company seeking to develop property may need assistance to pursue its objectives.

Commercial development involves buying land or existing structures for the purpose of developing residential property, office buildings, retail space, shopping centers, apartment buildings, mixed-use buildings and more. There is much more to this process than simply finding the right property and making an offer. From acquiring the land to navigating the restrictions for growth and development, there are many challenges that can affect a developer’s or investor’s financial interests.

There is often a significant amount of money at stake in these projects. To protect the investment required for successful commercial development projects, it is beneficial to work with an experienced attorney. A legal ally is useful at every step of this process, from drafting and reviewing purchase agreements to getting the appropriate permits to writing construction contracts. This support allows a developer and other parties to avoid preventable missteps and setbacks that will cost time and money.

Commercial development can be a complex process fraught with challenges and frustrating delays. Massachusetts developers will find it to be in their interests to rely on the guidance of a knowledgeable lawyer who can help them effectively address challenges. Before agreeing to a purchase, it may be beneficial to seek an assessment of the proposals and an evaluation of the potential legal challenges associated with a specific project.