Reclaiming Vital Brownfield Parcels
Coastal Renewal is a real estate development firm that acquires brownfield sites and portfolios, with sound underlying real estate fundamentals, and pursues “horizontal” redevelopment in order to repurpose blighted properties.
Phil Dyk Principal, has more than 30 years experience in the financing and development of infrastructure sector projects and companies. He is a founding partner of Alinda Capital Partners, which has over $8.5 billion of funds under management and is one of the largest private infrastructure management firms. From 2006 to 2014, Mr. Dyk was on the investment committees of Alinda’s funds and was a board member of various portfolio companies including a multi-state regulated gas utility, a multi-state parking company, a municipal lighting company and a company providing wastewater treatment under a 30-year concession. He also participated in Alinda’s investment committee decisions on transportation infrastructure including Heathrow Airport and Heathrow Express, Virginia International Gateway, BCTN (container terminals in The Netherlands) and InterPark. Prior to Alinda, Mr. Dyk was the Managing Director of Pacific Capital Resources and Atlantis Water Fund. He was a Regional Vice President of Foster Wheeler Capital & Finance Corporation and President of Ahlstrom Capital. He is a former member of the advisory board to the Institute for Infrastructure Finance and holds a BA with honors from Claremont McKenna College
Ted Lane Principal, has over 30 years of commercial real estate experience in the recovery, remediation, and transformation of “brownfield” redevelopments along the eastern seaboard, the largest of which, Harbor Point, Stamford, CT, was assembled, master planned, and entitled on behalf of the capital partner, Lubert Adler. At its completion, the project will contain nearly 7,000,000 square feet of mixed uses featuring over 4,000 multifamily residential units. Mr. Lane identified the initial opportunity to revitalize the blighted 300 acre, largely contaminated, waterfront peninsula and introduced Lubert Adler to the idea of redeveloping the entire area which included the introduction to a local operating partner and assembling a team of: environmental engineers, environmental and land use legal counsel, environmental insurance providers, internationally renown land planners and architects, civil engineers and demolition firms. Ted graduated from Princeton University with an AB in Politics and has served on the Boards of the United Way of Stamford and The March of Dimes, Stamford.
Alan Perrault Senior Vice President, with over 30 years of experience with Jay Cashman Inc., Quincy MA, has managed complex site remediation, environmental permitting, industrial site redevelopment and waterfront-related construction throughout the Northeast, including the redevelopment of the East Boston Shipyard into a mixed use marine center focused on marine industrial uses such as ship repair and welding/fabrication in addition to permitting/developing a 240 slip marina and fuel dock on Boston’s Inner Harbor; the 65 acre former Shell Oil Terminal in Fall River, MA, which realized a seven-fold sales return in less than 5 years; the Quincy Shipyard redevelopment which included attracting new tenants including an internationally recognized robotic submarine company, Bluefin Robotics, and the New England Aquarium; and the Borne Chemical Site remediation and reuse in Elizabeth, NJ in the Port of New York. Alan graduated from Northeastern University with a BA in Political Science. On a personal level, Alan is active in municipal affairs and has chaired several waterfront development committees and is skilled in community consensus building.
What Are Brownfields
Brownfields are underutilized or blighted properties that may negatively impact communities because they are encumbered by real or perceived environmental contamination.
What We Do
We repurpose, through redevelopment, well vetted brownfield properties (predominantly focused on waterfront sites) with a proven team, including experts in environmental engineering, legal, insurance and risk management.
Why We Do It
Social and environmental impact are at the core of our projects. Beyond compelling financial returns, our strategy has deep environmental, economic, and community impact on the areas in which we invest.
Who We Are
Our team has decades of experience in brownfield assemblage and remediation, relationships with key parties and partners, and capacity to deliver projects on behalf of capital partners by building early consensus and community involvement among all stakeholders.
9 Old Kings Highway South
Darien, Connecticut 06820 USA
1 (203) 989-9670