GRAND LEDGE – The city’s Downtown Development Authority invites proposals for the mixed-use development of Bridge Street Plaza, which has been an open space since the early 1990s.
City officials are looking for a ready-to-do developer a “minimum private development financial commitment of $3 million” towards a project that will “blend commercial space and residential living” on the South Bridge Street property, according to a request for proposals for the development of the place listed on the city’s website.
The DP effort comes after a local businessman terminated its acquisition and development projects the site two months ago.
Tim Booth, owner of Booth Enterprises Inc., scrapped plans for the downtown property — which called for a building with multiple commercial spaces on the first floor and 24 apartments above — in April. Booth first approached DDA officials with the concept three years ago.
The request for new proposals for the plaza development was posted on the city’s website on June 9, according to Deputy City Manager Amee King.
The plaza, which once contained four storefronts and now offers seating and green space, “is an exciting location for future development,” the city’s application reads.
The development of Plaza is a priority of the DDA
The property in the 200 block of South Bridge Street has been vacant since the buildings that once stood there burned down in July 1993.
The site was renamed Bridge Street Plaza in 2013 and over the years has been used as a public gathering place, but the DDA intends to see the plaza space filled with businesses again, said DDA President Bruce MacDowell in April.
The city’s DDA owns the esplanade and “has established obtaining a public/private partnership” for its development as a priority this year, according to the tender.
“The project should pay particular attention to the unique architectural and historic character of the area, with an emphasis on businesses that can thrive in a pedestrian-oriented environment with high traffic volumes,” the application states.
“Ground floor commercial space” and “residential living opportunities” are both required in development proposal submissions, according to the application on the city’s website.
The property would be “offered at no cost” to a developer, and the DDA “intends to provide adequate utilities at the property boundary at no cost to the developer subject to a development agreement,” it says. -he.
The developer will be required to provide a plan indicating “that there will be adequate parking for the project”, according to the application.
The deadline for submission is July 15
Developers have until July 15 to submit development proposals for the property to the city, along with other requested documents, including “proof of the development team’s fiscal ability to undertake the proposed project.”
“After the July 15 deadline, staff will review the proposals and provide them to the DDA Board of Directors,” King said in an email.
King did not respond to questions about whether the city had already received any proposals and, if so, how many have been submitted.
An “expected schedule” for the development of the plaza is described in the city’s application as “a 12-month allowance for design, engineering, site plan approval and permits followed by 24 months for the ‘construction completion’.
Contact Rachel Greco at [email protected] Follow her on Twitter @GrecoatLSJ.