Since its inception over 25 years ago, Susman, Duffy & Segaloff, P.C. has represented real estate developers and lending institutions in all phases of the development process, including organization of the developer entity, acquisition agreements, financing, zoning, permitting, architectural and construction contracts, and environmental evaluations.
We represent developers of low-and moderate-income multi-family housing projects utilizing U.S. Department of Housing and Urban Development insurance and subsidies and State Housing Financing Agency programs throughout the State of Connecticut and adjoining states. We are very active in matters involving housing ventures in which municipal Housing Authorities are participants in connection with the rehabilitation and privatization of authority projects.
We assist clients in developing and obtaining permits for residential and office park subdivisions, condominiums, nursing homes, shopping centers and office buildings. On behalf of a major regional mall developer, we negotiated an innovative and economically viable zoning scheme with surrounding municipalities. One of the first condominium declarations in the State of Connecticut was drafted by our firm.
Our land use planning experience guides clients through site plan approval, variance requests, special permit applications, subdivision approvals, coastal site plan reviews and related permitting. We also represent clients opposing land use applications, both at the administrative and appellate levels.
An example of the scope of work we perform is our recent representation of a developer in connection with its development and construction of a major component of Yale-New Haven Hospital’s Smilow Cancer Center. Our representation entailed negotiating a Development Agreement with the City of New Haven, obtaining planning and zoning approval of a multi-floor parking structure, a residential facility and a commercial office and retail facility, drafting and negotiating three separate long term net leases for those components of the project, a purchase and sale agreement with the Hospital for the entire project after its completion, and devising and participating in the program that resulted in favorable community and governmental support for the development.
Another example of our services is our representation of the developer of the mixed use building complex in which our former offices were located. This project entailed the negotiation and drafting of an intricate redevelopment agreement among the City of New Haven, a not-for-profit corporation, and the developer; winning planned development district zoning and Redevelopment Agency approvals; drafting a ground lease and tenant leases; organization of a syndicated limited partnership; creation of a mixed-use, leasehold condominium; negotiation and documentation of leasehold mortgage financing; and creation of cooperation agreements between the limited partnership and the condominium.
Our goal is to produce timely and cost effective results by combining our extensive experience in the business challenges facing developers with a thorough knowledge of the legal issues which impact our clients’ real estate transactions.