The City of Lowell is seeking proposals for the purchase and development of a City-owned parcel of property consisting of approximately 0.10 acres with an approximately 1,800 square foot building (commonly called the Line Shack Building) located at 115 Riverside Drive in the City.
Any proposal for the purchase of the property must include a plan for development of the property. A restaurant or retail complex has been identified as the desired use of the property, however, the City is willing to consider other uses. Any use will likely require zoning approvals and re-zoning.
A responsive proposal shall include the offered purchase price (the City is required to sell the property at its fair market value), identification of development partners and development team, identification of similar projects developer has developed, the proposed use or uses and related approximate square footages, a drawing or sketch of the proposed development, estimated total investment and job creation, any economic development incentives being requested and an estimated timeline for completion of the development.
If selected, prior to the purchase of the property, the developer, will be required to enter into a purchase and development agreement with the City to include but not be limited to, provisions related to submission of plans and specifications for review and acceptance by City, the details of any economic development incentives requested, development milestones, and performance requirements including financing.
It will be the responsibility of the proposer to become familiar with the property including zoning requirements and to review environmental studies related to the property which are available for review at City Hall.
Sealed proposals marked “FORMER LINE SHACK REDEVELOPMENT RFP – CITY OF LOWELL” must be received by the Lowell City Clerk on or before 11:00 a.m., local time, on June 1, 2020, at the City Clerk’s Office, 301 E Main St, Lowell, MI 49331 in the City.
The City reserves the right to accept or reject any proposal and may negotiate the terms of purchase with one or more proposers. The selected proposal must be approved by the City Council.
Any questions regarding this request should be addressed to Mike Burns, City Manager at 616-897-8457.