942 Main Street Mixed-Use Development

Description

The Town of Manchester is requesting proposals from experienced real estate developers interested in executing a transformative downtown project on a key gateway parcel. The Town seeks to select one proposal from a qualified entity or team in keeping with the preferred goals, objectives and uses outlined in this document.Manchester is a forward-thinking community of nearly 60,0000 residents and the commercial, entertainment and residential hub of the east-of-the-river Greater Hartford region. This Request for Proposals outlines important information regarding the site, the context for this project, the qualification documentation and other information to be submitted.The development site includes two adjacent parcels totaling 2.38 acres. The Forest Street lot (1050 Main Street) is a 1.59-acre parcel that occupies a prime downtown location at the corner of Main Street and Forest Street. The lot currently contains 116 parking spaces and can be accessed from driveways on Main Street and Forest Street. The second parcel, 942 Main Street, will be owned by the Town as of February 28, 2023. The .79 acre property includes a one-story residential building which the Town plans on demolishing by February 2024. The site is abutted by a condominium complex to the west and an Army/Navy club across Forest Street to the south.Together, the project parcels equate to a full Downtown block on Manchester's Main Street. The site is currently zoned Central Business District (CBD) and is within a federally-designated Opportunity Zone. This is a mixed-use zoning district that allows a wide variety of residential and commercial uses. Off-street parking standards are permissive and dimensional requirements are extremely flexible and intended to bring about denser urban development.