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."
MOUND HARBOR DISTRICT DOWNTOWN DEVELOPMENT
City of Mound, Minnesota
Lost Lake Ct., Mound, MN 55364
Created On: 12/15/2017 | Last Modified: 12/15/2017
Mound Harbor District Downtown Development
Property/Project size (acres):
Structures on site:
The City of Mound Housing and Redevelopment Authority (HRA) is requesting statements of qualifications and interest in the development of 17 - 20 luxury townhomes to be located on approximately 2.3 acres in the heart of our downtown. RFQ attached.
Expanded Data - Diligence Prospectus
As the City of Mound edged closer to the 21st century, it was obvious to residents and visitors alike that downtown Mound was experiencing the same business decline and resulting problems found in many small community business districts. In the early 1990's, the Economic Development Commission, paneled by local citizens together with a consulting firm, was established to develop a "vision" for what, how, and when the City of Mound could and should evolve. Their charge was to retain its small town charm and natural downtown features while providing a business and shopping environment that would appeal to its growing cosmopolitan population. The outcome, the Mound Visions Plan, is the basis for Mound’s redevelopment efforts and while it is nearly 20 years old, the core principals of the Mound Visions Plan remain in tact today and can be summarized as follows: Reorient downtown toward its greatest natural asset, Lake Minnetonka Establish downtown as a regional, multi-modal transportation hub linking boats, trains, bicycles, pedestrians, buses and vehicles Make downtown a model for innovative sustainable design Establish a traditional downtown character built around great public spaces and high quality private development Create a mixed-use development pattern that combines commercial, retail, office and housing Incorporate a diversity of life cycle housing Establishing a traditional downtown by creating a distinctive community place for Mound. Keeping the downtown vital by mixing retail, entertainment and office uses with a wide range of life cycle housing and new or alternative housing choices. Connecting the downtown area with new greenways, trails and traditionally designed streets and sidewalks. Incorporating streetscape and landscaping elements along Auditor’s Road and the CSAH 15 corridor Providing central, downtown parking areas including both structured and surface lots. Enhancing community appreciation of and access to, the area’s natural resources by reclaiming the historic Lost Lake channel and providing public dock and boat slip amenities for both residents and visitors. Projecting and enhancing the City’s natural resources through the incorporation of innovative and unique stormwater strategies. Planning for regional transportation connections including future reuse of the former Dakota regional rail line, which opened for recreational trail use in 2008, for light rail purposes
Central Business District, Pedestrian Oriented Area, Village Center, Restaurant Cluster, Retail Cluster, Mixed Use, Waterfront
- ResidentialSingle family Home
- ResidentialOther Residential