Description
The City of Johnson City is seeking qualified developers to submit a comprehensive mixed‑use development proposal for the 420 West Walnut Street site (≈ 1.3‑1.6 acres). The proposal must include conceptual design, parking strategy, residential unit mix (including workforce‑housing), retail/commercial concept, detailed project schedule, financing plan, and a negotiated term sheet outlining deal terms, incentives, and reversion provisions. The solicitation is open only to firms shortlisted in Part I and requires an acknowledgment of Addendum #1.
• Deliver a full development concept (design, unit mix, retail strategy, parking plan) that meets West Walnut Overlay District standards.
• Provide a realistic construction schedule with a required start no later than January 2027 (flexibility to Q4 2027/Q1 2028 per Addendum #1).
• Submit a detailed budget, financing structure, and operating projections, including any public subsidies (TIF, tax credits, etc.).
• Complete the Term Sheet (Exhibit III) with proposed purchase price, incentives, affordable‑housing commitments, and reversion clauses.