Property Sale & Development - 26 Claridge Drive / E.D.

This solicitation from the City of Worcester offers the sale of a 10,000‑sq‑ft parcel at 26 Claridge Drive, including an existing single‑family home, to a qualified purchaser/developer. The buyer must purchase the property “as‑is” and redevelop it into a single‑family residence subject to a 30‑year affordable‑housing covenant (owner‑occupied, income‑eligible, price‑capped). Construction must start within 30 days of obtaining a building permit and be completed within 30 months of conveyance, or the deed reverts to the City. The award goes to the highest compliant bid; Goventures Capital Group was selected with a $90,000 bid. The City provides no financing or guarantees; the purchaser assumes all permitting, environmental, and construction responsibilities. • Minimum bid $85,000; bid security 10 % of proposed price. • 30‑year affordability restriction (≤ 80 % AMI, first‑time buyer, owner‑occupancy). • Construction must be finished within 30 months or ownership reverts. • No negotiation after bid submission; award based on highest compliant bid.