The City of Stevens Point is soliciting proposals for the purchase and redevelopment of 1017 Third St., a property on the north side of the City’s downtown, along Centerpoint Dr. between the historic buildings in downtown & residential homes to the north.
Proposals must be submitted in sealed envelopes or boxes by 4:00 PM on June 28, 2018
The Redevelopment Authority of the City of Stevens Point (the “RA”) is soliciting proposals for the purchase and redevelopment of a prime property within the City of Stevens Point’s (the “City”) downtown. The request for proposals (RFP) is geared towards knowledgeable developers with experience in the redevelopment of urban properties. The property in question is located on the north side of the City’s downtown, along Centerpoint Drive between the historic buildings in downtown and residential homes to the north and just a short walk from the Wisconsin River. This RFP provides developers with the needed information to assist with RFP preparation and submission requirements, as well as the selection criteria.
The RA operates to eliminate blight and generate urban renewal within the community. Stevens Point has a population of approximately 27,000, and is home to several large companies and the University of Wisconsin – Stevens Point. Additionally the population of the entire metro area of Stevens Point, incorporating the directly adjacent villages of Plover Whiting, and Park Ridge, as well as the towns of Hull, Stockton and Plover, is over 50,000.
The property addressed as 1017 Third Street and termed the “Lullabye” property, is strategically located:
- Encompasses almost an entire City Block, with access to four roads.
- Across the street from the site is the Stevens Point campus for Mid-State Technical College. The college has approximately 500 full time equivalent students.
- Less than a mile away and 15 minute walk from the University of Wisconsin - Stevens Point.
- On the edge of the quaint downtown Stevens Point and only a 3 minute walk to Pfiffner Pioneer Park along the Wisconsin River and Green Circle Trail.
The property was formerly occupied by a furniture factory that operated under various owners and names (i.e., Evenflo, Lullabye Youth Furniture, and Unicorn) from 1911 until the 1990s. In 2008, the City purchased the property and subsequently turned it over to the Community Development Authority/Redevelopment Authority in 2011. All buildings were razed in 1997 with the hopes to develop the property, but downtowns throughout Wisconsin struggle as retail shopping has shifted to suburban interstate development. However, recent events have shown a push for a more friendly and walkable shopping experience, as principals of sustainability become more popular. The recent relocation of MSTC has increased traffic to the downtown and has been a significant piece in reinventing the downtown experience. It is the City’s vision to transform this historic site into a dense, pedestrian friendly, urban employment and/or living area. The possibilities for the site are endless as it is well suited for multiple land use types.