The City of Troy, New York is seeking qualified development teams to undertake a comprehensive mixed-use, mixed-income redevelopment initiative in a portion of the central business district of Troy known as the Congress, Ferry and 8th Street Corridor.

As an outcome of discussions with several area stakeholders including Rensselaer County, Rensselaer Polytechnic and Troy Housing Authority, the City anticipates formation of a corridor joint venture.

There are several complementary initiatives underway utilizing a comprehensive asset based approach to community economic development. Formerly an industrial hub, Troy is being transformed into a center for education, technology and the arts. Community members are strengthening technological sectors, improving housing, increasing youth development opportunities and developing area recreational trails, arts infrastructure and work force training.

An integral part of a comprehensive community development initiative will be the redevelopment of a number of key parcels found in the Congress, Ferry and 8th Street Corridor. RPI is currently undergoing a $250 million South Campus Project adjacent to the corridor that includes the Experimental Media and Performing Arts Center and the Biotechnology and Interdisciplinary Studies Research Laboratory.

The City anticipates a mixed-use program built in three phases that includes approximately 1,000 units of mixed-income housing, including graduate student apartments and 140 public housing units; office and laboratory space related to the local biotech sector; retail shops, a parking garage, infrastructure and related development.

The Development Team will be selected in a two-part process comprised of this RFQ and a subsequent Request for Proposals.

Submittals for this RFQ must be received by December 15, 2003.

Copies of the Request for Qualifications are available at http://homepage.mac.com/kurzed/

Related Link: Congress, Ferry and 8th Street

For more information contact:

Kathleen Dorgan
City of Troy, NY
c/o Dorgan Architecture & Planning - 10 Eastwood Road
Storrs
CT 06268
USA

Phone: 518-270-4568
Email: [email protected]