The City seeks letters of interest and qualifications for predevelopment activities in the Water Street Redevelopment Area. Based on feedback from potential development interests and a detailed review of the opportunities for consolidation of property in the Area, the City has revised its approach to soliciting partners. The City is committed to promoting high quality downtown redevelopment and is looking for a partner to make it happen. The Water Street Redevelopment area consists of 1.09 acres of public and privately owned property adjacent to the City’s waterfront.
Descriptions of the desired development form included in the previously issued RFP have not changed. The City envisions vibrant mixed-use development in this area bringing more market rate housing, ground floor retail/restaurant space, and perhaps structured parking to the area. It remains particularly important to develop the west side of Water Street in a way that supports active public park use at the adjacent Heritage Square Park. Further, the RFP’s description of the site itself (utilities, environmental, and geotechnical findings, etc.) remain valid and should be considered in this response.
The description of the City resources available to support the development opportunity included in the original RFP remain valid, though it should be noted that the City is additionally in the process of finalizing grant funding that can be used to further characterize any environmental contamination on the site ($140,000).
The official copy of the RFP and all addendums are available on the Builders Exchange website at www.bxwa.com. You must be registered at Builders Exchange to receive notices of changes, addendums, etc.
The submission deadline for this “Request for Letters of Interest” is no later than 4:00 p.m., Tuesday, December 15, 2015.