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.
STATION AREA REDEVELOPMENT
City of Farmers Branch
2335 Jett Street, Farmers Branch, TX 75234
Created On: 01/08/2020 | Last Modified: 01/08/2020
Station Area Redevelopment
Property/Project size (acres):
Structures on site:
Idle or surplus
Transit Oriented Development (TOD)
Transit Oriented Development (TOD)
The City of Farmers Branch is soliciting developer qualifications from firms interested in providing master development services for the city owned land surrounding the Station Area. View the RFP for more information.
Expanded Data - Diligence Prospectus
Farmers Branch has created a transit-oriented development near IH-35E and Valley View Lane over the past decade with residential, retail, commercial and green open spaces. Public facilities include city hall, an amphitheater, rose gardens, playgrounds, Rawhide Creek and The Grove @ Mustang Station. Private development over the past few years includes Starbucks, Chipotle, 29 single family K Hovnanian homes, 400+ multifamily units, 40,000sf retail with The Shops at Mustang Station, 41 Vintage Place townhomes, The Firehouse Theatre and the renovated Children’s Health StarCenter hockey facility. The Station Area corridor is well positioned to capture a larger share of economic opportunity due to a number of valuable and attractive assets. These assets include a DART light rail station, proximity to Downtown Dallas, and a central location near two major international airports (DFW International Airport and Dallas Love Field). The City also benefits from connectivity to several major interstates, including IH-35E, which creates strong mobility throughout the region; one of the top factors for corporate attraction. In fact, in terms of total office, the IH-35E submarket ranks 11th out of 45 submarkets with over 15.9 million square feet of existing inventory (CoStar). In addition, this submarket also ranks 4th in both new construction and absorption with 869,000 square feet under construction and 448,000 square feet annual absorption.
Tax Increment Financing (TIF) is a tool that local governments can use to publicly finance needed structural improvements and enhanced infrastructure within a defined area. These improvements usually are undertaken to promote the viability of existing businesses and to attract new commercial enterprises to the area. The station area is within the Farmers Branch TIF 2 district. In addition to TIF support, bond funding will be available for qualified projects.
Other development zone:
This is a Transit-Oriented Development (TOD) located adjacent to the DART Green Line Transit Station. The City of Farmers Branch TOD objectives are to create a larger sustainable, livable station area district while supporting pedestrian amenities and transit ridership.
Chapter 380 of the Local Government Code provides legislative authority to the City of Farmers Branch for property and sales tax rebates and grants of city funds or services to promote economic development.
The proposed site includes a Dallas Area Rapid Transit (DART) Rail Station which provides light rail access to downtown Dallas and beyond. Located on the DART Green Line, Farmers Branch Station is only a 25 minute train ride to downtown Dallas with connections to DFW International and Love Field Airports