City-owned land available for redevelopment Text Size
In an attempt to create the best possible development for the surrounding area, a Request for Proposals (RFP) has been issued for a package of three adjacent City-owned properties along Newton Street . The properties, known as 31, 43 and 61 Newton Street are vacant lots that equal almost half an acre. The RFP was issued on February 7, 2013 and proposals must be submitted to the Purchasing Department by March 27, 2013 at 10:00 a.m. For a copy of the official RFP containing a detailed listing of the property, description of buyer obilgations, and procedure for selection of a winning proposal, contact the City’s Purchasing Department at 413-322-5650 or visit the office in the lower level of City Hall, Room 15, between the hours of 8:30 a.m. and 4:30 p.m., Monday through Friday.
The City is intending to dispose of these parcels using the RFP process so they are developed at their highest and best use. The RFP illustrates the City’s desired use for the property and provides a framework for interested parties to submit offers. For these parcels, the City would like to obtain proposals for future development with uses that benefit residents of the neighborhood and that are complimentary to abutting properties as well as the Holyoke Redevelopment Authority’s newly approved urban renewal plan entitled, “Connect. Construct. Create”.
The property is located behind a row of storefronts along High Street and is adjacent to apartments and row houses along Newton Street. The Zoning of the parcels is Downtown Residential (DR) which allows for a variety of uses including residential, office, retail and others. Utilities include water, sewer, gas and electric available for hook-up. The property will be sold “as is” and is subject to a reverter clause that allows the City to take the property back if certain miletones are not met by the developer within a specified length of time. Once the RFP is closed on March 27, the Mayor and City Officials will evaluate proposals and make a recommendation to the City Council. If approved by the Council, the Mayor will negotiate and execute the Purchase and Sale Agreement and set a closing date.
Posted on February 20, 2013 by cityadmin