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Greyfield is building on parking lot. Brownfield is building on former industrial land.
The type the OP is talking about is redeveloping a space to be less auto dominant. The example I gave used some of its surplus parking to build apartments, condos and new stores that are oriented to the street, and not the center of the parking lot.
Isn't that sort of splitting hairs? (Not that I care that much.) There was parking at the old steel mill, as well.
Isn't that sort of splitting hairs? (Not that I care that much.) There was parking at the old steel mill, as well.
Looks like there's a small difference:
Unlike brownfields (which feature actual or perceived levels of environmental contamination), greyfields typically do not require remediation in order to unlock value to an investor. The hidden value, in many cases, is the presence of underlying infrastructure (such as plumbing and sewer, electrical systems, foundations, etc.) allowing a developer to improve the site more efficiently through major or minor capital expenditures that may lead to increased rents and greater value.
Isn't that sort of splitting hairs? (Not that I care that much.) There was parking at the old steel mill, as well.
brownfield meant bad/contaminated land that needed lots of paperwork,red tape, and investment to reuse. greyfield is a more recent word invented to mean brownfield but without the cleanup.
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