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Proposal Submission Deadline V2V Surplus Property Sale
September 19, 2016 @ 3:00 pm
In an effort to preserve a portion of Baltimore’s history and the integrity of its architecture, Mayor Stephanie Rawlings-Blake and Baltimore Housing announce the annual Vacants to Value Surplus Request for Proposals (RFP.) Included in this year’s sale are ten property and property bundles ripe for rehabilitation and productive re-use. Baltimore Housing invites real estate brokers, investors, for-profit and not-for-profit organizations, developers and individuals to consider the opportunity that the Vacants to Value Surplus Sale offers.
Vacants to Value is Mayor Stephanie Rawlings Blake’s blight elimination initiative. While Baltimore’s vacant and abandoned building stock is often viewed as a problem, it is also an opportunity. Redeveloping these properties can help raise property values, create community amenities, increase local tax revenue, and attract new residents and businesses.
The properties in the 2016 sale include a restaurant in Johnston Square, a large warehouse located in the Station North Arts and Entertainment District, a bundle of over 50 residential buildings and lots in the Upton neighborhood, and so much more.
The purpose of this Request for Proposals is to identify qualified developers, review proposals and award specific properties for redevelopment throughout Baltimore City. Proposals and applicants determined to be qualified will be eligible to negotiate with the City of Baltimore to purchase city-owned properties for their specific proposed uses.
Applicants can include individuals, not-for-profit organizations, for-profit organizations, or a partnership between any of these entities. In addition, applicants will be asked to provide management, financial, and community engagement plans, as well as other relevant information.