3 Divisions.One Mission.
At Forsite Development, we believe the existing industrial strucutures should have their lives reclaimed, extended, and repurposed.
To make that possible, we have 3 divisions at Forsite Development. Each one is able to operate independent of the others or team up on a single project, depending on what the facility needs.
This is a brief overview of how each of these divisions work together at various stages of the redevelopment process.
When an industrial property is in need of a renewed use, our team creates a a thoughtful redevelopment plan that is compatible with the sites potential future uses. We often say this division is in the business of “recycling real estate.” Our team is able to identify creative and non-traditional uses for existing properties that turn what was a liability into an asset for years to come.
Environmental Risk Transfer
When an industrial property is facing large environmental liability, it can slow, stall, or even end the sales process. For our team, that’s just the beginning. Our Risk Transfer Division is able to transfer the known and unknown environmental liability from the seller to us, which decouples the above-ground risks from the below-ground risks. Our team assumes full liability and takes on the environmental clean up process, so sellers don’t have to worry about it.
Forsite Renewables began as a division of Forsite Development Inc. Our team has a long history of large-scale industrial redevelopment projects, including the acquisition of legacy coal plants, the transition of the environmental risk associated with those plants, the environmental cleanup, and finally the redevelopment into a solar, wind, battery storage facility.
As the Renewables division grew, it became clear that with additional capital, it could have an increased impact on the energy transition.
In 2023, Galway Sustainable Capital purchased a controlling interest in Forsite Renewables, which launched the expansion of our capabilities, reach, and impact.
Our team works with Forsite Renewables as a sister company for renewable projects.
We Understand the Process
We understand the pressure you’re under as you face shuttering your facility. But we also see the future value of the assets, land, material, and connections.
What you may see as a liability, we see as an opportunity.
Sellers shouldn’t have to struggle through managing this process on their own while facing the immense risk that getting it wrong poses. Getting this wrong leaves you and the community you serve vulnerable to future risk. We know there’s a better way.
Here's How toGet Started.
1. Schedule an Intake Call
On this call and the early project scoping, we will determine the best exist strategy for your facility and put together a plan and offer.
2. Make the Transaction
From here, the transaction is finalized and the money goes into an environmental escrow account pending milestones of the project.
3. Walk Away Confidently
Our zero-boomerang track record and the additional insurance we pull out on our work on your behalf means you can walk away knowing the property isn’t something you need to worry about anymore.