REDEVELOPMENT OPPORTUNITY This property consists of a 0.74 /- acre lot featuring a 22,780 /- SF office building constructed in 1927/1958 and a 75 space parking lot. The site is comprised of 2 lots of record. The City desires to sell the property for redevelopment. It would be the City' s preference to have the existing building demolished and replaced with a new mixed use building featuring ground floor retail, restaurant, and service uses with market rate housing on the upper floors. The property is in the heart of the City' s downtown central business district within walking distance to the State House, Capitol Center for the Arts, Red River Theatres, a 516 space public parking garage, a grocery store, and dozens of restaurants and niche retail shops. The property is also located with a Tax Increment Finance ( TIF ) District and New Markets Tax Credit eligible Census Tract. The City i...
REDEVELOPMENT OPPORTUNITY This property consists of a 0.74 /- acre lot featuring a 22,780 /- SF office building constructed in 1927/1958 and a 75 space parking lot. The site is comprised of 2 lots of record. The City desires to sell the property for redevelopment. It would be the City' s preference to have the existing building demolished and replaced with a new mixed use building featuring ground floor retail, restaurant, and service uses with market rate housing on the upper floors. The property is in the heart of the City' s downtown central business district within walking distance to the State House, Capitol Center for the Arts, Red River Theatres, a 516 space public parking garage, a grocery store, and dozens of restaurants and niche retail shops. The property is also located with a Tax Increment Finance ( TIF ) District and New Markets Tax Credit eligible Census Tract. The City is prepared to re-zone to CBP - Central Business Performance to facilitate redevelopment of the property into its highest and best use.
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