Tommy Dobczyk directs a colleague to email broker Dallin about a multifamily development where soil remediation costs will be substantial. Due diligence already flagged extensive remediation as a major expense that will affect the project's economics.
Are you in the deal room? We're going to re— we're going to write an email to Dallin, the broker on this deal. And I want to reference this report and let them know that having a multifamily development here is going to be costly and expensive. So can you do a quick rundown of what all of this would probably cost to be able to do development out there on this property? And then we're just going to put in there that based on our due diligence, we already know that there's an extensive amount of soil remediation that has to occur. We're going to go back and put that in.
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