Real Property and Development

Real Property and Development includes:

  • Site Acquisition and Assessment
  • Obtaining Approvals and Permits for Development
  • Planned Development Districts
  • Defense of Article 78 and Legal Actions Challenging Development Projects
  • Construction Litigation and Claims Resolution
  • Negotiation and Preparation of Leases and Sales Related Documents
  • Assist with payments-in-lieu-of-tax agreements (PILOTS)
 Overview

From large multi-national corporations to individually owned businesses, Young/Sommer LLC has represented hundreds of clients through project development. The firm has extensive experience negotiating and preparing agreements for a broad variety of commercial real estate transactions involving improved and unimproved properties, including purchases, sales, leases, options, rights of first refusal, easements, conservation easements, declarations of restrictive covenants, and construction contracts. We have represented borrowers in a variety of financing transactions, including loans, construction loans, land development loans and refinancings. We have represented landlords and tenants in the drafting and negotiation of commercial and residential real estate leases.

Young/Sommer’s commercial real estate practice includes all phases of real estate development, from site acquisition to construction. The firm’s partners have decades of experience representing developers. Recent projects include:

  • Development of the Whiteface Lodge in Lake Placid, New York, which is the largest hotel/condominium project built within the Adirondack Park in decades
  • Development of mixed use shopping center/office complex in Lake Placid, New York
  • Redevelopment of industrial properties and “brown fields” in Schenectady, New York
  • Development of a time-share hotel complex in Hunter, New York
  • Development of wind energy projects throughout upstate New York
  • Approvals for planned development district throughout the Capital District