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  5. ›Property Sale & Development - 146 Goddard Memorial Drive…

Awarded contract·City of Worcester·Massachusetts

Property Sale & Development - 146 Goddard Memorial Drive / E.D.

Won by Criterion Group, LLC$750kSingle Award
Contract source

Awarded vendors

  • Criterion Group, LLC

Description

The City of Worcester is selling a roughly 6‑acre parcel at 146 God­dard Memorial Drive to a qualified developer who will redevelop the site for a taxable use under Airport District (A‑1) zoning. The sale is conducted via a sealed‑bid competitive process with a minimum bid of $500 k and a 10 % bid‑security deposit. The highest compliant bid (Criterion Group, LLC at $750 k) will be awarded a Terms of Conveyance Agreement, obligating the purchaser to conduct environmental due‑diligence, obtain all required permits, design and construct improvements, and commence construction within 30 days of receiving a building permit. The developer must also indemnify the city, comply with anti‑discrimination and MWBE requirements, and face re‑version of title if development does not proceed as required. • 6‑acre surplus property sale with mandatory redevelopment for taxable use. • Competitive sealed‑bid RFB; minimum bid $500 k, awarded bid $750 k. • Winner must handle all environmental, permitting, design, construction, and compliance obligations, with strict timelines for TOC execution and construction start.

Attached files

Key dates

Bids closed
1/19/2022

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Property Development
NAICS
531210
Solicitation №
7736-W2

Contract value

$750,000

The bid results list Criterion Group, LLC as the awardee with a purchase price of $750,000. Since the contract is a straight sale of land with no additional services, the contract’s monetary value is effectively the purchase price. Therefore the contract value is estimated at $750,000. This figure reflects the total amount the city will receive, and any subsequent development costs are to be borne by the buyer and are not part of the contract value.

AI estimate from the award documents

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