Stuart is president and CEO of American Brownfields Corporation, successor to his initial entities involved in brownfield redevelopment since 1993. In 2012, American Brownfields acquired from the US government the former Chance Vought Aircraft/LTV Aerospace facility in Dallas built by the US Navy in 1941 to produce bombs, aircraft and missiles for World War II, then continuing production through a series of government contractors until April 2014. As managing member of American Brownfield MCIC. LLC, we then began a renovation and releasing effort of the almost 5 million square foot facility containing manufacturing, test labs, stress labs, office, warehouse, operations and utilities space. Upon acquisition, we had begun remediation and maintenance of the outstanding environmental conditions pursuant to the state's Corrective Action Order. American Brownfields sold its interest in summer 2017.
From 2001-2009, American Brownfields handled all due diligence, acquisition, financing, remediation, and sale of several brownfield redevelopment projects in north Texas. In Dallas' Parkland Hospital district, American Brownfields pioneered the first successful application in Texas of the Municipal Setting Designation (MSD) statute that our personnel were instrumental in writing ground-breaking environmental legislation. We then worked with the city of Dallas to create its local MSD ordinance at another redevelopment project near downtown. We also guided the city of Houston in its adoption of a similar MSD ordinance. Finally, we obtained the firstever partial de-listing of a Superfund site, in west Dallas.
Stuart has participated in and completed several other brownfield redevelopment projects, including oversight of the remediation for a major development in Rosslyn, Va.
Stuart has made investments in land since 1976.
Prior to returning to Dallas in 1993, Stuart served of counsel to The Brock Group in Washington, D.C., assisting client representation in matters of real estate, and business development in areas of international pipeline transmission and environmental concerns. Independently, he represented GE Capital in the two largest cash sales of bulk real estate by the RTC.
In 1988-1989 Stuart was the Deputy Director for Assets, Operations and Liquidations Division at the Federal Savings and Loan Insurance Corporation (FSLIC), Washington, D.C. He was responsible for managing $ 17 billion in assets. Stuart wrote the long-term asset disposition policy adopted by the Federal Home Loan Bank Board and, later, the RTC. He closed the only real estate bulk sale by FSLIC.
From 1986-1988 Stuart worked at his current business in Dallas, following six years in commercial banking, originating, underwriting and closing over $1 billion in construction loans in southern US.