Development of 2 Montauk Ave.

The City of New London is seeking a qualified developer to purchase and redevelop the City‑owned parcel at 2 Montauk Ave., a ~1.6‑acre site with an existing 11,000 sf building. The developer must submit a “best and final” purchase offer, assume all pre‑development costs, obtain entitlements, secure financing, and deliver a mixed‑use (commercial, residential, cultural) project that aligns with the city’s vision for Garibaldi Square. The award will be made by early February, with a required closing of the sale within 30 days of City‑Council approval. • 1.6‑acre downtown site (≈ 69,700 sf) currently zoned C‑1 (central business district). • 2. Mandatory site‑visit on Dec 11 2023; acknowledgment form due Dec 8 2023. • 3. Proposal deadline Jan 19 2024 2 PM; evaluation criteria include developer experience, private investment amount, and fit with neighborhood vision. • 4. No bond required for the property sale; local‑vendor preference (15 % advantage) and employment/apprenticeship goals apply if construction follows. • 5. Post‑award responsibilities include entitlement, financing, construction, and compliance with city‑mandated economic‑development agreements.