Definition
Greenfield development builds on previously undeveloped land—think virgin farmland or natural space. It creates opportunities for planned community design but requires building all new infrastructure. You get new amenities and design control, but environmental concerns and sprawl come with it.
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Find my pathAbout this term
Greenfield development builds on agricultural, vacant, or natural land requiring infrastructure creation. Offers opportunity for planned community design but requires utilities, roads, and services. Environmental impact including habitat loss and sprawl concerns arise. Often more affordable than infill development. Suburban and exurban properties are typically greenfield developments. Creates new neighborhoods from raw land. Successful greenfield communities become desirable as infrastructure and schools develop.
Pro Tip
Evaluate infrastructure and amenity plans for greenfield developments before purchasing early phases.
Example
A greenfield community developed 500 homes on former farmland with new roads, utilities, and schools.