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."
A Bluefield possesses water resources itself or has access to a navigable body of water such as a river, sea or ocean—either directly or via canal or port.
NORTH RIVER SITE
City of Fort Wayne
N. Calhoun St., Fort Wayne, IN 46808
Created On: 02/10/2018 | Last Modified: 02/10/2018
North River Site
Property/Project size (acres):
Structures on site:
Pedestrian Oriented Development (POD)
Pedestrian Oriented Development (POD)
Seeking a developer or development team that shares the community’s enthusiasm and desire to redevelop a large key parcel located within the dynamic Riverfront District to serve as a gateway into the City's vibrant downtown core. See attached.
Expanded Data - Diligence Prospectus
Downtown Fort Wayne is the heart of northeast Indiana, home to almost 800,000 residents and more than 30,000 businesses, as well as countless cultural and recreational attractions. Over the past decade, community leaders have succeeded in making downtown Fort Wayne better than ever by updating infrastructure and pursuing collaborative public-private partnerships that have created a strong business climate and exceptional quality of place. In little more than ten years, more than $520 million dollars has been invested in downtown, including the $35 million Grand Wayne Convention Center expansion and the recent $98 million Skyline Plaza consisting of Ash Financial world headquarters, Skyline Tower, a 12-story commercial and residential center and a 1,080 space parking garage. The Fort Wayne Redevelopment Commission, in particular, has an exceptional track record of promoting downtown public-private partnerships, and was instrumental in the completion of the baseball stadium and entertainment complex, Parkview Field; mixeduse development at The Harrison; and mixed-used development Skyline Plaza. For anyone wanting to call downtown home, more than 200 new apartments or condominiums have come online in the last three years, and more than 400 are currently under construction or being planned. Leasing agents for the newly constructed Randall Lofts and The Harrison report full occupancy with waiting lists of people wanting to live downtown. The 2014 Zimmerman-Volk Downtown Housing Market Potential Study indicates that approximately 1,500 new units could be absorbed in downtown Fort Wayne over the next five to seven years. Looking for entertainment? The $30 million awardwinning Parkview Field, home of the Fort Wayne TinCaps, has been ranked as the No. 1 ballpark experience in Minor League Baseball by Stadium Journey magazine for the last four years. The energy generated by Parkview Field has spilled throughout downtown Fort Wayne, including the arts campus, which is home to the Fort Wayne Museum of Art, Arts United Center, History Center and more. Millions of dollars have been invested recently in these facilities and millions more are planned in projects like the renovation of the Arts United Center, the only theatre located in the Midwest designed by famed architect Louis I. Kahn. For residents and visitors who enjoy dining, four upscale local restaurants opened their doors downtown in the last two years with a Ruth’s Chris Steak House set to open in 2018.
Pedestrian Oriented Area, Village Center, Mixed Use, Waterfront
Current Use and Use History
Current use and use history summary:
100+ years of industrial use prior to 2006
Environmental Conditions summary:
Extensive subsurface investigations have been conducted. There are limited reports on building conditions detailing soil type