GreenVest continues their amazing work with environmental mitigation banks and ecosystems markets with another project in New Jersey

Annapolis-based GreenVest has formed a a joint venture to restore an environmentally impacted site in Linden, New Jersey. GreenVest and Jay Cashman, Inc, a Quincy, Massachusetts-based marine contractor, have united forces on the GreenVest/Eco Industries Joint Venture. The joint venture will finalize the acquisition and close on the purchase of a 90-acre waterfront site on the Rahway River in New Jersey.

The joint venture will secure permits for beneficial reuse and placement of dredge material, pursue the establishment of a wetland mitigation bank and potentially establish an upland site to facilitate a ground lease for a solar energy park. All of the potential restoration objectives are subject to final design, permitting and market demand studies. 

The joint venture is in discussions with various purchasers of the mitigation and working with all stakeholders to address restoration requirements. This sustainable redevelopment initiative has become a trademark for work performed by GreenVest. The company is currently evaluating other opportunities like this in Maryland, New York, Pennsylvania and Delaware.

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