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."
RIVERBANK INDUSTRIAL COMPLEX
Riverbank Local Redevelopment Authority
5300 Claus Rd, Riverbank, CA 95367
Created On: 11/01/2017 | Last Modified: 11/01/2017
Riverbank Industrial Complex
Property size (acres):
Structures on site:
RLRA is issuing this Request for Proposals for a Master Developer qualified and interested in developing, financing, operating and managing approximately 105 acres in the heart of California's Central Valley.
Expanded Data - Diligence Prospectus
Environmental Conditions summary:
The property associated with this RFP is comprised of two parcels: a 28 acre undeveloped parcel with no known contamination and a 74 acre industrially developed parcel which has undergone extensive environmental characterization. The property is on the National Priorities List and has undergone an Installation Restoration Program to identify, investigate and cleanup contamination left by military activities. Treatment of contaminated groundwater and pond sediments had been ongoing since 1990. Additionally, removal of the presence of non-liquid PCBs in buildings, soil and equipment as a result of deterioration of the roofs and siding began in 2011 and will conclude in 2018. The Property will be leased, subleased, and conveyed, as applicable, to the Developer in an “as is, where is” condition. The environmental condition of the Property is detailed in environmental reports prepared by the Army that will be made available to the Developer; the RLRA has no independent information as to the environmental condition of the Property. The Developer will be responsible for complying with all requirements of the Army and federal and state law with respect to environmental issues. Reports and studies regarding the environmental condition of the Property can be accessed on the RLRA website at www.riverbanklra.org/services/doclibrary.html.