Development Opportunity

City of Gladstone

Gladstone, MI

The City of Gladstone, Michigan, seeks developers for several parcels in its Downtown Development Authority along the Lake Michigan shoreline on Little Bay de Noc. The nearly 34-acre site presents an opportunity to offer new-build housing options within walking distance to downtown Gladstone. The asking price for all parcels is $824,500. The City may consider reductions to this price in support of an optimal development plan.

The city's preferred development for this site would:

  • Create new, for-sale residential options in a combination of single-family detached, duplex, and stacked condominium formats;
  • Include at least 10% of units as accessible and barrier-free;
  • Offer site layout and building design that respects and complements the aspirations and tradition of Gladstone;
  • Allows for city-owned and maintained waterfront and linear park connecting to the 5 miles of linear park connecting the city;
  • Offer residences ready for occupancy within two years of property sale;
  • Little to no need for payment in lieu of taxes (PILOT) or other long-term tax abatement.

Preference will be given to projects with environmental sustainability components such as green development techniques, porous pavement, etc.

More information can be found on the city's website: http://www.gladstonemi.org/government/city_departments/north_shore_development.php


Request Type
RFQ
Deadline
Friday, April 17, 2020