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."
City of Sarasota
2046 Dr. Martin Luther King Jr. Way, Sarasota, FL 34234
Created On: 04/05/2017 | Last Modified: 04/06/2017
2046 Dr. Martin Luther King Jr. Way
Property size (acres):
Structures on site:
The City of Sarasota is presenting an Invitation to Negotiate (ITN) to provide an opportunity for qualified parties to participate in the redevelopment of the Marian Anderson Place.
Expanded Data - Diligence Prospectus
Market (1 report(s) available)
- OfficeOther Office
- RetailOther Retail
- RetailOther Grocery
Environmental Conditions (1 report(s) available)
Environmental Conditions summary:
Remediation of arsenic in the groundwater began In November of 2013. Through a system of pits, trenches and pumps contaminated groundwater was extracted for proper treatment. Based upon findings that the Arsenic was not anthropogenic in nature and had been reduced to acceptable levels, the Florida Department of Environmental Protection (FDEP) issued a Site Rehabilitation Completion Order (SRCO) releasing the City from any further obligation to conduct site rehabilitation for Arsenic on December 3, 2014. Any additional costs for remediation will be the responsibility of the developer.
NFAs/NFRs obtained #1:SRCO issued for arsenic 2014
Any other environmental report available: