Specifications include, but are not limited to: This Request for Proposal (RFP) is to solicit a buyer and developer for Lots 1 and/or 2 of Block 22 of the Park East Development Plat (See Attachment A). Block 22 comprises Lot 1, which is approximately 39,704 square feet, Lot 2, which is approximately 53,400 square feet, and a proposed north/south alley of approximately 6,551 square feet for a total block area of approximately 99,655 square feet (“Property”). The legal description used to convey the Property will reflect the final Park East Development Plat East of the Milwaukee River, adopted by the City of Milwaukee Common Council and/or the subsequent title commitment. Block 22 comprises prime frontage on North Milwaukee Street, North Water Street, North Broadway Street and East Ogden Avenue. The Property has a sloping topography with an elevation drop from North Milwaukee Street to North Broadway/Water Streets. An approximate topographical map is attached as Attachment B. The alley depicted on the enclosed plat and Redevelopment Plan has not been dedicated as a public alley so the land area within the alley can become a part of any proposed development plan and could be included in the purchase of Lots 1 and/or 2 of Block 22. The successful buyer and developer (“Successful Proposer”) will be required to enter into an Option to Purchase, a Development Agreement, and other commitments specified in Sections 2.12 and 2.13 below.
