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-OWNED SITES FOR MIXED USE
Temple Terrace, Florida
117 Bullard Pkwy, Temple Terrace, FL 33617
Created On: 04/01/2017 | Last Modified: 04/01/2017
NO PRICE GIVEN
City-Owned Sites for Mixed Use
Property/Project size (acres):
Structures on site:
The City is looking for a developer(s) that can bring a strong financial plan forward to create a pedestrian environment in the City’s core. an innovative, mixed-use, market-driven concept that takes full advantage of this excellent location.
Expanded Data - Diligence Prospectus
The City of Temple Terrace is one of the Tampa Bay’s premier communities, and its redevelopment area is strategically located near the University of South Florida, Florida College, Telecom Park, Busch Gardens and I-75. The City is located along the beautiful Hillsborough River with a population of approximately 25,000. The City provides its residents with a high quality of life and easy access to the Tampa Bay region and all of its world class amenities.
Pedestrian Oriented Area, Commercial District, Medical District, College Town, Mixed Use
Facilities and Grounds
Facilities and Grounds summary:
The Site is generally bounded by North 56th Street to the west and Bullard Parkway to the north. It consists of approximately 20 total acres. The site processes a master drainage system, paved streets laid out in block fashion, a central park feature with a pavilion structure, surface parking is established on the existing street system. Both adjacent commercial corridors have in place improved streetscape consisting of enlarged paver walks and amenities such as enhanced landscaping, seating, and lighting.