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greyfield site:

. . . real property affected by development, but not to the extent that it is considered a brownfield site. Built out commercial and industrial real estate sites may be referred to as greyfields if, for example, they have no significant environmental damage; i.e., greyfield sites may have redevelopment potential if there are no hazardous substances, wastes, pollutant, or dangers in the area to prevent it. Greyfield typically infers continuing use.

Wikipedia has a definition of greyfield land stating that it is . . . economically obsolescent, outdated, failing, moribund and/or underused real estate assets or land. The term was coined in the early 2000s as a way to describe the sea of empty asphalt that often accompanied these sites. "Greyfield" is a relative neologism as compared to more commonly known terms such as brownfield or greenfield (source of quote).



 
 
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