TO: Chair and Members of the Board
FROM: Diane Colonna, Executive Director
DATE: July 14, 2015
Title
RESPONSES TO REQUEST FOR PROPOSAL 2015-03-A - MARGATE CITY CENTER PROJECT
Body
BACKGROUND:
On March 11, 2015 the MCRA Board selected two development firms (out of four) that had responded to the Request for Qualifications (RFQ) for the City Center site. The two firms--AHS Development Group and New Urban Communities--were invited to continue on to the next process, which was the Request for Proposals (RFP). The RFP process required the submission of plans, identification of specific uses for the various parcels, phasing plans and construction and operational cost information. The goal for City Center as expressed in the RFP document was "to create an active and walkable entertainment, recreation and commercial destination...City Center is intended to be an asset to the City of Margate that is well integrated into the fabric of the community with strong relationships to other parts of town, it is also intended to continue as the center of civic activity but also become the community activity center, living room and place that residents feel comfortable going and spending time to shop, live, work and play."
Both firms submitted the required plans and information by the May 12, 2015 deadline. Both propose purchasing all of the CRA-owned parcels included in the RFP to develop a mix of residential and commercial uses, with the commercial uses primarily clustered at the intersection of State Road 7 and Margate Blvd. The proposals also provide public amenities that are to be funded by the MCRA, and propose the development of the properties in phases.
The following is a brief summary of the proposals-a more detailed breakdown of the uses, square footages, development schedule and economic impacts is included in the backup for this item.
AHS Development Group - Totals approximately 100,000 sq. ft. of commercial uses plus a 120-r...
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