City Of Greenboro: City Accepting Proposals For Mixed-Use Development Of MLK Jr. Drive Property

Press release from the City of Greensboro:

03/01/2022 2:00 PM

The Planning Department, in conjunction with the Greensboro Housing Development Partnership, is now accepting electronic proposals for the mixed-use development of a property within the Martin Luther King Jr. Drive North Initiative of the Ole Asheboro Redevelopment Area. Deadline for proposal submissions is March 29.

Located at 802 Pearson St., this 3.9 acres of land is part of a focused redevelopment effort by the City and community residents. Proposals should include residential and commercial components, and incorporate the Downtown Greenway, which cuts through the property.

The Request for Proposals contains all the necessary information. A question and answer period is also now open through March 15. Email your questions. After March 15, all questions and answers will be posted on this project’s Web page.

The price of the property will be determined according to fair market value and is negotiable based on demonstrated gaps in the development budget.

This press release was produced by the City of Greensboro. The views expressed here are the author’s own.