A Brownfield is developed real property which may or may not be contaminated or environmentally impacted from prior use. These unknown conditions raise questions standing in the way of the property’s sale or redevelopment, which reduce its value and require investigation and assessment. Examples of Brownfields include former industrial sites, gas stations, dry cleaners, fuel and chemical depots and any other property that used or contained hazardous materials or petroleum. Brownfields also include properties affected by contamination migrating from a neighboring or nearby property. Brownfields may not be contaminated in reality, but suspicion creates stigma that impairs the property’s potential.
A Greyfield is developed real property suffering from excess vacancy, prolonged idleness, blight, use failure or even total abandonment—but also possessing (potentially) reusable infrastructure, such as parking lots, utility hookups, or structures. Examples of Greyfields include obsolete retail and commercial properties and abandoned office complexes, as well as mothballed, decommissioned and legacy industrial facilities. Similar to Brownfields, Greyfields may be blighted or in substantial disrepair, but unlike Brownfields they have no known or suspected environmental contamination of any significance.
A greenfield is undeveloped real estate with no previous use. Many also consider a property only used for light agricultural purposes to be a greenfield. An undeveloped property may yet have environmental contamination—if, for example, it is adjacent to a property that is leaking hazardous substances across the property boundary—but such a property would not be considered a greenfield and would be better classified as a Brownfield (or possibly a Redfield).
A Redfield is real property with known environmental contaminants or conditions that the owner, the government or a reliable third party have determined is in need of remediation as a prerequisite to future development—to mitigate potential human health risks or to comply with environmental laws. Many Redfields are already subject to government regulatory orders or enrolled in voluntary cleanup programs. Unlike a Brownfield, there can be no doubt about whether a Redfield is contaminated. A Redfield is affirmatively known to be contaminated and will likely require active remediation in its redevelopment. Contaminated property could fit into the definition of Brownfield; however, selecting Redfield as the primary statussignals the marketplace that real estate reuse requires corrective action and such remediation is sought.
|A property with productive use as the primary status is predominately in use at the present time. Properties in productive use may have current tenants generating rents or the owner may be operating the property for their own use. If only a small portion of the property is currently in use, then the lister may select productive use as a secondary condition and would choose a more appropriate primary status.|
If the property status has not been determined or is unknown by the lister, it may be selected as "undetermined."
DEVELOPMENT OF THE RICHARDSON OLMSTED CAMPUS
Richardson Center Corporation
444 Forest Ave, Buffalo, NY 14213
Created On: 09/19/2017 | Last Modified: 09/19/2017
Development of the Richardson Olmsted Campus
Property size (acres):
Structures on site:
Seeking development partner(s) for the remaining 10 undeveloped buildings (approximately 300,000 square feet total) and 25 acres of grounds at the Richardson Olmsted Campus, one of Buffalo’s most iconic buildings and a National Historic Landmark.
Expanded Data - Diligence Prospectus
One of Buffalo’s most iconic buildings and a National Historic Landmark, the 145-year-old Richardson Olmsted Campus is being renewed after years of neglect. Designed by one of America's premier architects, Henry Hobson Richardson, in concert with the famed landscape team of Frederick Law Olmsted and Calvert Vaux, the building was completed in the late 1800s as the Buffalo State Asylum for the Insane. The site incorporated a system of enlightened treatment for people with mental illness developed by Dr. Thomas Story Kirkbride, in part by providing pleasing surroundings. Over the years, as mental health treatment changed and resources were diverted, the buildings and grounds began a slow deterioration. In 2006, the Richardson Center Corporation was formed with a mandate to save the buildings and bring the Richardson back to life in part through a New York State appropriation for this architectural treasure. Today, the Richardson Olmsted Campus is set in the heart of Buffalo’s cultural corridor and the Buffalo Olmsted Park System, neighboring the Albright-Knox Art Gallery, Burchfield Penney Art Center, Buffalo History Museum, and SUNY Buffalo State. The Richardson is being transformed into a cultural amenity for the city, with the opening of Hotel Henry Urban Resort Conference Center and the Lipsey Buffalo Architecture Center in the iconic Towers Building and two flanking wing buildings. The remaining 10 buildings have been stabilized for future opportunities. A Historic Structures Report, Cultural Landscape Report, and Master Plan serve as guides for the rehabilitation. The public has been involved in every stage of planning through a Community Advisory Group and regular public meetings and continues to play a key role in redevelopment of the site.