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Real Estate & Property Law

: Law of the Land

NJ Supreme Court Holds that a Development Company Cannot be Required to Pay More than its Fair Share of Off-Site Improvements, Irrespective of Development Agreement

By Patty Salkin

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In the late 1980s, two development companies sought approval to build on adjacent properties. One company intended to build a multiple-use development to include commercial, residential, and retail elements on a 540-acre site.  The other company bought property adjacent to this site, intending to construct a 500,000 square foot office park.  Because the area surrounding [...]

Full post as published by Law of the Land on July 09, 2008 (boomark / email).

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