Specifications include, but are not limited to: Property Description: The property is vacant land consisting of 0.75 acres, more or less (one-half of a city block), bounded on the west by Martin Luther King, Jr. Boulevard, on the north by Hall Street, on the east by Montgomery Street, and on the south by Hall Lane. The subject property consists of four parcels identified as PINs 2-0045-28-001, -002, -003, and -010, commonly known as 701 Montgomery Street, 703 Montgomery Street, 705 Montgomery Street and 0. Martin Luther King Jr. Boulevard, and being Lots Number 79, 80, 81, 82, and 83, Gaston Ward, Savannah, Chatham County, Georgia. The property is currently zoned BG, General Business. The subject property has frontage on both MLK and Montgomery Street. It is located within the boundaries of the Urban Redevelopment Plan for the Martin Luther King Jr. Boulevard and Montgomery Street Corridor, adopted in 2002, and the Downtown Savannah Master Plan initiated in 2005 and lies within the I-16 Strategy Area. The propertys location on a primary access route into Savannahs historic district makes its development of critical importance to the future revitalization of the area. The City is interested in public-private partnerships that will result in the following strategic objectives: maximize public benefits, improve cost efficiencies and effectiveness in planning and implementing development or redevelopment projects, utilize a combination of traditional and nontraditional financing tools, encourage mixed-use development, return vacant properties to productive use, expedite project completion dates, and facilitate collaboration and creativity among diverse stakeholders. The City will consider entering into public-private partnership agreements which demonstrate the ability to support short and long-term community and economic development goals. Proposers are encouraged to be as innovative as possible in their submissions. Proposers may offer partnerships that achieve the following: - Acquire, lease, finance, construct and/or operate new development - Acquire, construct, finance, and/or operate a specific project within the development
