Saratoga Square - Atlantic Avenue Site RFP

New York City Economic Development Corporation

New York City Economic Development Corporation (“NYCEDC”) seeks proposals for the sale or lease of an approximately 25,762 square foot parcel of land located on Block 1557, Lots 3, 4, 23, 26, 28, 31, 32, 33, 34, 35, 36, and 37 in the Bedford-Stuyvesant section of Brooklyn (the “Site”).

Through this Request For Proposals (“RFP”), NYCEDC is seeking individuals or organizations to develop the Site for a use that maximizes the creation of jobs for local residents, generates proceeds attributed to new development from tax revenue and purchase price/ground rent, and is contextually appropriate in terms of both design and use.

NYCEDC plans to select a developer on the basis of factors stated in the RFP which include, but are not limited to: job creation, respondent team qualifications and financial ability, proposed use and design, the relationship of the proposed project to the surrounding community, economic impact on the City, the M/WBE hiring plan, and proposed purchase price or rent. NYCEDC will prefer responses that include appropriate industrial uses, but will also consider other uses.

This is an open RFP. The open RFP process allows Respondents to submit Proposals at any time to be reviewed on or before quarterly submission deadlines running through May 18, 2012 (each a “Submission Deadline”). NYCEDC will review Proposals as they are received, and may commence negotiations with one or more Respondents at any time. On any given Submission Deadline, NYCEDC may elect to close the RFP to additional Respondents. The Scheduled Submission Deadlines are as follows:

August 22, 2011
November 21, 2011
February 17, 2012
May 18, 2012

For more information, visit: NYCDC Saratoga Square

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