The U.S. Environmental Protection Agency on Tuesday announced proposed agreements with two subsidiaries of The Lightstone Group that are developing 700 units of residential housing adjacent to the Gowanus Canal in Brooklyn, New York. The companies, LSG 363 Bond Street LLC and LSG 365 Bond Street LLC, have agreed to conduct sampling, cleanup work, and other measures on three parcels of land along the Gowanus Canal. The three parcels, which total 3.4 acres, are also subject to a cleanup as part of a New York State Department of Environmental Conservation Brownfield redevelopment program. The estimated value of the work under the settlements is approximately $20 million. The EPA will accept public comments on the two proposed settlement agreements until October 8, 2014. Read full article here.
