Description
The City of Worcester is selling two contiguous parcels at 51 & 61 Sever Street (a former Becker College campus) and seeks a qualified buyer to purchase the properties and redevelop them for educational use. The buyer must meet a minimum floor price, provide a 5 % bid‑security deposit, and assume all due‑diligence, permitting, and environmental liabilities. The solicitation includes optional site visits and a competitive evaluation based on proposed reuse, financial capacity, experience, and benefits to the municipality.
• Minimum purchase price set at $4,905,000 (revised via Addendum 1).
• Buyer must demonstrate ability to finance the acquisition and complete a redevelopment plan within 18‑24 months, focused on educational occupancy consistent with RL‑7 zoning.
• Evaluation includes comparative criteria such as municipal revenue impact, traffic‑management plans, and optional Use & Occupancy agreement for the City’s temporary stay.