RFI launched for mixed-use development PPP in Downtown Traverse City

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Downtown Traverse City in Michigan, USA has published a request for information (RFI) seeking developers or development teams to implement a mixed-use development in Downtown Traverse City. The project will be on two 42-acres parcels located at 115 and 123 State Street. The bidder will have to achieve the following objectives or goals :

  • Maximize the number of workforce rental units
  • Provide a mixture of workforce rental (and/or) owner-occupied housing on the upper floors of the development
  • Workforce rental housing units within the development should be preserved for a minimum of 30 years
  • Adhere to the Fair Housing Act
  • Include commercial activity on the first floor
  • Have a minimum height of 30 feet and a maximum height of 60 feet
  • Use sustainable building materials and include green building practices (on the entire site) that produce fewer emissions and create a smaller carbon footprint
  • Use durable building materials that age gracefully and extend the life expectancy of the building
  • Minimize the number of parking spaces within the development and provide flexibility for public parking options during non-business hours
  • Eliminate visual exposure to parking on the first floor
  • Include and maintain a snow-melt system for the public sidewalk along State Street
  • Be compatible with the look, feel, and character of historic buildings within Downtown

The deadline to submit the response is April 15, 2021.

For more information about this RFI visit our business opportunity page here.

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