Bradstreet: Take Two

The town has received five new propsals for the Bradstreet School property on Main Street, selectmen announced Monday night.

Proposals were submitted by the following companies:

Oakgrove Residential of Boston

Water Street Retail LLC of Haverhill

RCG LLC of Somerville

Hearthstone Realty Corp. of Andover

Coalition for a Better Acre, based out of Lowell

Selectmen will review proposals and decide on April 22 how best to proceed with the process -- whether to hear the propsals on the same day or space them out to allow lengthier presentations. The proposals will then be checked for the minimum requirements in the request for proposals the town sent out, and from tat point the proposals will be rated based on criteria detailed in that request.

"This is a tremendous response," Selectman Dick Vaillancourt said. "I'm really glad to see Coalition for a Better Acre coming back with another proposal."

Selectmen recently rejected an offer by Coalition for a Better Acre to purchase the property for moderate income apartments, citing the desire to see more retail space there.

The proposal called for tearing down the school and building a three-story mixed-use building, with businesses on the ground floor and apartments on the other two floors. The town would have also had to pitch in more than $700,000 from the CPA fund or Affordable Housing Trust.