Demolition, site work and new construction of a residential development in South Bound Brook, New Jersey. Conceptual plans call for the demolition of a residential development; for the construction of a residential development; and for site work for a residential development.

Borough of South Bound Brook Request for Proposals: 161 Edgewood Terrace Redevelopment Overview The Borough of South Bound Brook (the "Borough") is seeking proposals from qualified developers to develop property located at 161 Edgewood Terrace, South Bound Brook, NJ 08880 and designated as Block 20, Lot 6 on the Official Tax Map of the Borough (the "Property" or "Redevelopment Area"), which was designated by the Borough as a non-condemnation area in need of redevelopment pursuant to the Local Redevelopment and Housing Law (the "Redevelopment Law"), N.J.S.A. 40A:12A-1 to -89. This Request for Proposals ("RFP") provides background on the Property and outlines the process and requirements for submitting proposals. After receipt of submissions, the Borough may conduct interviews or request additional information in order to evaluate the materials received. Ultimately, the Borough hopes to use the results of this RFP to prepare a Redevelopment Plan for the Property and enter into a Redevelopment Agreement ("RDA") designating a redeveloper(s) to implement the Redevelopment Plan. Background On March 9, 2021, the Borough Council adopted a resolution directing the Planning Board to conduct a study to determine if the Property qualified as a non-condemnation area in need of redevelopment pursuant to the Redevelopment Law. On December 8, 2021, the Planning Board conducted a duly noticed public hearing and reviewed a preliminary investigation/report prepared by the Borough Planner for the Property. On December 8, 2021, the Planning Board recommended that the Property be determined a non-condemnation area in need of redevelopment under the Redevelopment Law. On December 14, 2021, the Borough Council adopted a resolution agreeing with the Planning Board's recommendation, designating the Property as a non-condemnation area in need of redevelopment and authorizing and directing the Borough Clerk to issue this RFP for the development of the Redevelopment Area. The Redevelopment Area includes a single parcel, currently owned by the Borough, totaling 0.406 acres, or approximately 17,664 square feet. The Property is a corner lot in the center of the Borough with frontages along Edgewood Terrace and Elizabeth Street, which are county roads that act as secondary main streets crossing the length and width of the Borough and providing access to I-287. The Property is located in the R-2 (Single-Family Residential) Zone. The Property was previously utilized as a gas station, vehicle repair and auto parts shop but was abandoned and/or out of service for many years prior to the Borough's acquisition of the Property. The neighborhood surrounding the Redevelopment Area consists of mostly single- and multi-family residential development. The Property is located less than one block south of the Robert Morris School (Grades K-8) and Memorial Park, which contains a playground, sports fields and gazebo. The full extent of the Redevelopment Area is depicted at Exhibit A. Purpose This RFP is intended to obtain submissions from qualified developers for the revitalization and redevelopment of the Property. The Borough's intent is to use this RFP process to establish a vision for the Property that contributes to the public good and promotes smart growth within the Borough. The Borough's intent is to use this RFP process to designate a single redeveloper for the entire Redevelopment Area (the "Redeveloper"). The Borough believes identifying a single Redeveloper is the optimal way to ensure design and implementation of any approved project is cohesive, efficient, and maximizes both public and private benefits. The qualified Redeveloper will exhibit a shared vision for the area and the capacity to craft a comprehensive development scenario. Submission Requirements Responses to this RFP shall include the following: 1. Development Team Name, address, phone number, and e-mail address of primary redevelopment team contact. Narrative summary of redeveloper qualifications. Description of at least three comparable projects undertaken by the redeveloper. Comparable projects should be similar in terms of scale, financial requirements, and context. Name, qualifications, summary of comparable projects for any member of the proposed design team including architect and engineer. Evidence of the equity and debt sources currently available to complete the project, including a letter from a financial institution noting the client relationship with the Respondent and stating a general interest in participating in the financing of the project. Summary of any pending or threatened litigation involving any team member. 2. Project Proposal Narrative description of the proposed project Conceptual site plan, including: o Building footprints with approximated finished floor elevations and number of stories o Location and size of all applicable public improvements o Location and levels of parking spaces, with an identified allocation to each building and showing strategy to hide visibility o Allocation of uses by square feet (residential, restaurant, retail, etc.) on site plan Development program, detailing: o Proposed buildout in square feet for non-residential uses o Number of units, unit mixture, total square feet, tenure, and affordable/market- rate breakdown for residential uses o Number of parking spaces o Narrative of envisioned architectural style including precedent imagery o Preliminary financial analysis including estimated development budget and any anticipated public subsidy or other assistance to be requested. Respondents are encouraged to provide whatever financial information necessary to substantiate the estimated budget Affirmation of intent to meet the following requirements if designated as Redeveloper: o Prepare and submit Redevelopment Plan o Comply with applicable requirements of Redevelopment Plan, including the preparation of a Conceptual Development Plan for the entire Area and the provision of required public benefits, if applicable o Prepare and submit required Redevelopment Agreement 3. Application and Review Fee $1,000 (due at the time of submission) Checks payable to "Borough of South Bound Brook" RFP Timeline The timeline for submission is as follows: 1. RFP issued: December 22, 2021 2. Deadline to submit questions: January 28, 2022 at 4:00 p.m. 3. Submission deadline: March 1, 2022 at 4:00 p.m. Following receipt of responses, the Borough will conduct a thorough review of materials submitted. The Borough may elect to conduct interviews with respondents at this time or request that additional material be submitted. After evaluating responses, the Borough intends to enter into negotiations with respondents with the objective of submitting a Redevelopment Plan and Redevelopment Agreement to the Borough Council for consideration. Evaluation Process The Borough will evaluate RFP responses using the following criteria: 1. Development team qualifications, with particular consideration given to: Relevance and success of comparable projects Demonstrated financial capacity for completion of this project in a timely manner in accordance with the schedule to be agreed upon in the Redevelopment Agreement Currently available financial resources Development team experience with high-end developments Demonstrated collaborative style and approach towards working with public entities and other property owners Track record for keeping to a rigorous timeline 2. The provision of public benefits in the proposed project 3. Quality of proposed design, with particular consideration given to: Contextual sensitivity to the surrounding area, particularly in terms of height and envisioned building aesthetics Proposed uses of the Property Quality of proposed materials and design features 4. Feasibility of the proposed project, with particular consideration given to: Financial feasibility of proposed project Environmental remediation and satisfaction of environmental liens (see Exhibit B). Legal Qualifiers 1. Any redeveloper designation arising from this RFP is subject to the approval of the Borough Council. 2. The Borough reserves the right to waive any submission requirements detailed in this RFP. 3. The Borough reserves the right to identify a short list of respondents and conduct negotiations with any or all of these respondents. 4. The Borough reserves the right to reject all submissions to this RFP and name a Designated Redeveloper independent of the RFP process. Contact Information All questions must be submitted in writing, via e-mail, to Christina Fischer, Borough Administrator/Clerk, at CFischer@southboundbrook.com with "RFP Question" in the e-mail subject line. All questions and responses to questions will be published electronically as an addendum to this RFP. The method of contractor selection has not been determined at this time.