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13-167 - Purchase & Redevelopment of Oakland Street Fire Station

End date: Wednesday November 14, 2012 at 2 p.m.

The City of Springfield (hereafter \"CITY\") is requesting proposals for the redevelopment of ES Oakland Street Fire Station in the Forest Park Section of Springfield, MA.

Additional Open Houses:

The Springfield Office of Planning and Economic Development will be doing additional open house on November 1, 2012 at each station from 2:00 - 3:00 P.M.

The property E S Oakland Street is a visible property that sits on one of the busiest intersections in Springfield. The location is a short walk to many exquisite restaurants, New Leadership Charter school, Forest Park Middle School, Forest Park (one of the largest municipal parks in the U.S consisting of a zoo, beach volleyball, tennis court, baseball diamonds, bocce court, lawn bowling court, basketball courts, rose garden and during the holidays it features the nationally renowned Bright Nights light festival), and is 1 mile from the I91 ramp.

This is a City owned building and was previously a fire station. The building sits on the corner of Oakland and Dickinson. The building is 2 stories and the total area of the building is approximately 7,340 square feet. The area total area is outlined below.

E S Oakland Street, parcel # 09210-0132, lot size 13,948 square feet, Zoned Business A.

For proposers seeking to propose housing use, a zoning change will be required. There is currently onsite parking.

Forest Park neighborhood begins one mile south of the Central Business District and is the second largest of the city\'s seventeen neighborhoods. It contains 2,103 acres of land, 41% of which is conservation or park land. Its boundaries are the Mill River and Watershops Pond to the north; Longmeadow to the south; Connecticut River to the west; the now abandoned Highland Division Railroad to the east.

The properties are being sold "as is" and the City makes no representations regarding the environmental and/or physical condition of the properties and will require the buyer to assume responsibility for these conditions. Prospective developers should undertake their own reviews and reach their own conclusions concerning zoning, title and survey matters, required approvals, physical conditions, environmental conditions, reuse potential, utility services and development, leasehold, legal and other considerations. Proposers are responsible for making their own determinations of existing conditions.

SITE AND SYSTEMS INFORMATION, STREET ADDRESS

The street address of the subject site is E S Oakland Street.

Forest Park median real estate prices are $161,904, which is less expensive than 96.6% of Massachusetts neighborhoods and 50.8% of all U.S. neighborhoods.
Average rental prices in Forest Park are currently $800. Rents here are currently lower in price then 75.4% of Massachusetts neighborhoods.

Forest Park is a densely urban neighborhood (based on population density) located in Springfield, Massachusetts.
Forest Park real estate is primarily made up of small (studio to two bedrooms) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments.

Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Forest Park neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 9.3% in Forest Park. Analysis shows that this rate is lower than 43.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.

DEVELOPMENT CONCEPT

The City is seeking to select a developer who submits the most advantageous proposal consistent with the selection criteria and proposal requirements set forth in this RFP, and who demonstrates the ability to perform as proposed in a timely fashion.

While the financial benefits (i.e., price paid for the property) of a proposal are important to the selection of a developer, coupled with all selection criteria, the City will also consider the broader fiscal and economic benefits to be realized from the redevelopment project. The City will not be obligated to select the proposer offering the highest purchase price if another proposal better satisfies the selection criteria and other requirements of this RFP as a whole.

The City envisions a development that incorporates any reasonable proposals which could include some or all of the following elements:

• Creating jobs for Springfield residents
• Featuring and preserving historic features and attributes of the property
• Creating positive street level activity on Oakland Street.
• Firm commitment letters from any and all tenants proposed for the building
• Firm financing letters or proof of funding to undertake redevelopment costs
• Timeline to have building occupied

PRICE PROPOSAL

The City will entertain all competitive bids for the property. Price will not be the only factor in selection, but proposers are encouraged to make the best financial benefit case possible to the city and selection committee.

The will be a Site visit on October 24, 2012(10 AM - 11 AM)

The site is on a major public throughway and can be viewed from the public sidewalks at anytime. Interested parties are asked not to enter the private property at any time, other than the designated site walks.

The City of Springfield supports the goal of twenty percent minority and women participation in all contracts. No questions will be answered unless received by the Chief Procurement Officer at least 7 days prior to the expiration of the time set for submitting bids or proposals. The Chief Procurement Officer reserves the right to waive any informality in and to reject any or all bids if it is in the public interest to do so.

Contact: Lauren Stabilo lstabilo@springfieldcityhall.com 413-787-6284

Request the complete specifications for this solicitation (13-167)