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  5. ›Property Sale & Development - 104 Armory Street / E.D.

Awarded contract·City of Worcester·Massachusetts

Property Sale & Development - 104 Armory Street / E.D.

Won by Habitat for Humanity$121kSingle Award
Contract source

Awarded vendors

  • Habitat for Humanity

Description

The City of Worcester is selling a vacant 10,057‑sq‑ft parcel at 104 Armory Street to a single buyer/developer. The buyer must acquire the land “as‑is,” develop it in accordance with the Green Worcester Plan, provide at least two affordable owner‑occupied residential units, and create 2,000–3,000 sq ft of green space with porches. No municipal funding is allowed; the purchaser must post a 10 % bid bond, secure all permits, begin construction within 30 days of receiving a building permit, and complete the project within 30 months (36 months for a less‑advantageous rating). The award went to Habitat for Humanity at $120,505, exceeding the $120,400 minimum bid. • Property: 104 Armory St, Worcester, MA – 10,057 sq ft vacant land (RG‑5 zoning). • Requirements: Affordable housing (≥ 2 units), green space (≥ 2,000 sq ft), no city financial assistance, full indemnification of environmental liabilities. • Timeline: Proposals due 7 Aug 2024 10 AM; construction must start within 30 days of permit issuance and finish within 30 months. • Financials: Minimum bid $120,400; winning bid $120,505; 10 % bid security required.

Attached files

Key dates

Bids closed
8/7/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Property Development
NAICS
531311
Solicitation №
8218-W5

Contract value

$120,505

The RFP specifies a minimum bid of $120,400 and reports the winning bid from Habitat for Humanity as $120,505. Since the contract is a straight sale of the property with no additional services, the contract value is essentially the purchase price. Therefore, the contract’s monetary value is approximately $120,505.

AI estimate from the award documents

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