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  5. ›Request for Proposals – 220 Old Common Road, Lancaster

Commonwealth of Massachusetts, Executive Office for Administration & Finance, Division of Capital Asset Management & Maintenance, Office of Real Estate Management Services (DCAMM)·Massachusetts

Request for Proposals – 220 Old Common Road, Lancaster

Closes 11/19/2026$50M – $120MRequest for ProposalLogin required
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Description

The Commonwealth of Massachusetts, through its Division of Capital Asset Management & Maintenance (DCAMM), is seeking a qualified developer to purchase and redevelop a 72‑acre former state‑owned industrial school campus at 220 Old Common Road, Lancaster, MA. The developer must acquire the property, submit a comprehensive development proposal, and deliver a mixed‑use, walkable neighborhood that meets affordability, historic‑preservation, sustainability, and Access‑and‑Opportunity requirements. A $35,000 deposit check is required by the proposal deadline, and the selected developer will sign a Purchase & Sale Agreement and must close within 18 months, with a 30‑month reversion clause. • Scope: acquisition of the parcel, adaptive reuse of historic buildings, new residential construction (minimum 288 units, up to 386 units with zoning amendment), provision of at‑least 17.5 % affordable housing, compliance with historic‑preservation standards, sustainability and Access‑and‑Opportunity plans. • Deliverables: full Development Proposal, Financial Information (including pro‑forma), Summary & Fiscal Impact Workbook, and required forms (Cover Sheet, Deposit Cover Sheet, etc.). • Key Requirements: $35,000 certified deposit, electronic submission via BidExpress, adherence to timelines (site visits Oct 7 & Oct 22, questions due Oct 22, proposal due Nov 19), and ability to finance purchase and complete redevelopment. • Constraints: multiple environmental easements (gas line, wetlands, cemetery), historic‑preservation covenants, and a reversion clause if housing use is not maintained. • Evaluation focuses on speed to production, policy‑goal achievement, and total financial consideration after any Commonwealth subsidies.

Attached files

Contact

April Ognibene(Deposit Check Contact)

Key dates

Opened
9/17/2026
Questions due
10/22/2026
Site visit
10/7/2026
Closes
11/19/2026
Duration
18 months

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531311
Solicitation №
Solicitation #49144

Budget estimate

$50,000,000 – $120,000,000

The solicitation does not disclose the purchase price or construction budget, but a development of this size (≈ 72 acres, 300‑400 residential units, historic adaptive reuse) typically involves total project costs ranging from $50 million to $120 million. Assuming the developer receives a modest subsidy and retains a profit margin of 8‑12 %, the expected earnings for the developer would fall within that overall cost range. Hence, a realistic budget estimate is $50 M – $120 M.

AI estimate from the solicitation

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