CanadaBuys #BCI26-077

Sale and Redevelopment of City-Owned Land for Mixed-Use Arts and Housing Project

This opportunity involves the sale and redevelopment of city-owned land at 2820 and 2880 15th Avenue in Prince George: - Government buyer: City of Prince George - Property details: - Address: 2820 and 2880 15th Avenue (PID: 030-878-616) - Rezoned to RM6: Mid-Rise Residential - Building height limited to 6 storeys by covenant - Redevelopment requirements: - Mixed-use building design - First floor must include arts space - Long-term occupancy required for the Community Arts Council of Prince George & District (CAC) - Upper floors designated for housing - Financial terms: - Asking price: $1,500,000 minus demolition costs (to be provided later) - Respondent requirements: - Demonstrated expertise in mixed-use redevelopment - Only respondents to this RFEOI will be considered for contract negotiation - No specific OEMs or vendors are named, as this is a real estate and development procurement

Description

The City of Prince George is inviting developers to purchase city-owned property located at 2820 and 2880 15th Avenue for redevelopment into a mixed-use building. The redevelopment will include arts space on the first floor and housing on the upper floors. The asking price is $1,500,000 less demolition costs, with demolition cost estimates to be provided later. The project requires ensuring long-term occupancy of the Community Arts Council of Prince George & District on the first floor. The property was rezoned to allow a 6-storey mid-rise residential building.

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