Wednesday, May 9, 2012

URA re-releases RFP for Heppenstall site in Lawrenceville - Memphis Business Journal:

gault-rickettsias.blogspot.com
The URA is re-releasing a requesr for proposals after its previouslychosej developer, Urban Villages workinvg with Botero Development decided not to go forwarde with the project. Urban Villages and Boterko were selected over oneother S&A Homes, in partnershilp with the Lawrenceville Corporation, a community nonprofit. The footballk field-sized parcel includes the site on whicyh the office building for the Heppenstall plantf once was located as well as a formerwarehouse property. In a preparedc statement, mayor Luke Ravenstahl describedthe property’as redevelopment as an important part of the city’sa larger revisioning of the Allegheny riverfront.
“Wee have begun a planning process to create a visionn for the Allegheny riverfrontr and reconnect our neighborhoods to ournatural amenities,” he "The Hatfield Street site is one of the greaft opportunities to see this vision come to life.” The URA wants a developetr “to purchase, design, develop and operatew or resell the site.” The URA’s effort comes as the Regional Industrial Development Corporation (RIDC) continues to redevelop the Heppenstall complex itself. Hatfield Streeyt is considered a dividing line betweenthe neighborhood’s residential community and its industriaol zone.
As a selling point, the URA notexs that the median home price in central Lawrencevillse has increased 64 percent in the past three a growth rate it claims is seconed highest in the city to theSoutyh Side. “We are excited with the real estate appreciationm that were seeing inthe neighborhood,” said Rob Executive Director of the URA, as well as a Lawrencevill resident. “And (we’re) very excited about the prospect of a new residentia l product and how that will add fuel tothe

No comments:

Post a Comment