Site work and new construction of a hospitality development in Swampscott, Massachusetts. Conceptual plans call for the construction of a three-story above grade hospitality development; and for site work for a hospitality development.

The Town of Swampscott requests Proposals from parties interested in developing and owning a lodging facility at the Hadley Elementary School building ("Property") located at 24 Redington Street in Swampscott, Massachusetts. This is an adaptive reuse opportunity. Proposals and content are set forth in this Request for Proposal ("RFP"). These in-person presentations are anticipated to be held during the week of January 8, 2024. The Town of Swampscott seeks a developer/owner to redevelop the Hadley Elementary School building at 24 Redington Street in Swampscott, Massachusetts, into a lodging facility. We consider this to be a unique opportunity because of the location and physical attributes of the asset, its proximity to the Atlantic Ocean (including unobstructed views), the asset's proximity to demand generators in the market, and the opportunity for a developer to create a unique and impressive hospitality asset. The Town will not lease or sell the Property for any other use than a lodging facility with associated accessory uses and parking. The Town of Swampscott is eager to complete this development and invites Developers to respond to this RFP with proposed creative development and financial structures to see the project to successful completion. In May 2023, Swampscott Town Meeting overwhelmingly approved new zoning that allows completion of the hotel redevelopment as of right (i.e., without the need for discretionary zoning approvals). The Town's primary objective in issuing this RFP is to facilitate the development of a new hotel in Swampscott to support significant local and regional demand and enhance Swampscott's historic waterfront. While revenue generation is always important, the Town sees potential hotel tax revenue as the most critical source of revenue for the Town. To that end, the Town is willing to entertain deal structures (including, for example, real estate tax concessions) that facilitate successful execution of this hotel redevelopment. Swampscott has a long history as a seaside resort town. Numerous hotels, lodgings, and bed & breakfast establishments were located throughout the community and primarily near our many public beaches. The community feels now is a perfect time to re-establish its role as a seaside destination and reinvigorate that history. Provided in the exhibits is an outline of Swampscott's hotel history, developed by our Historical Commission. In August 2021, the Town of Swampscott published the Hadley Reuse Report (attached hereto as Exhibit C), which details the process completed for determining potential future use of the property. Pinnacle Advisory Group, a national and well-respected hotel consulting firm, prepared an independent market study for a lodging development at the site in 2023 (attached hereto as Exhibit D). In May 2023, Town Meeting voted to amend the Swampscott Zoning By-law and Zoning Map and established the Hadley School Overlay District (the "2023 Hadley Rezoning"). The 2023 Hadley Rezoning allows lodging up to 60 rooms and associated food and beverage uses by right (i.e., no zoning special permit or variance is needed for the redevelopment). The 2023 Hadley Rezoning requires only administrative site plan review by the Swampscott Planning Board. The Hadley School will remain open and in use as an elementary school until July 2024, after which the Swampscott School Department will turn over control of the property to the Town. The site includes two buildings: the main building is a three-story building originally built in 1911; the smaller annex building was built in 1925. Reuse of the existing 1911 Hadley building is strongly preferred. It is understood that changes to the exterior of the 1911 Hadley building will be required to accommodate a lodging use. Although not subject to any formal historic requirements, it is strongly preferred that exterior changes be sensitive to and complimentary to the existing historic design of the 1911 Hadley building. The smaller annex building built in 1925 may be demolished and/or replaced with other structure(s). The 2023 Hadley Rezoning additionally permits the construction of a parking structure for both municipal and lodging use onsite. Construction of a parking structure is not required, although the Town is willing to entertain potential public/private partners relative to the construction and use of the parking lot and/or structure for both hotel and public parking purposes. While the Pinnacle report includes early recommendations for a lodging development, in its response to the RFP, the Developer should propose a lodging facility that it thinks makes most sense for the location and physical attributes of the property. The Town recognizes that the development proposal is likely to differ from the early recommendations developed by Pinnacle. Deadline for Submission of Questions: November 1, 2023 Answers to Questions Provided By: November 15, 2023 Following the issuance of the RFP, interested parties should contact Marzie Galazka, Director of Community and Economic Development, at mgalazka@swamspcottma.gov or at 781-596-8829 x1251 to schedule a property tour. Any questions regarding the property, building, or RFP must be made in writing and submitted to Natalie Swanstrom (nswanstrom@swampscottma.gov) on or before the date set forth below. Written responses to all questions will be made available to all interested parties. The method of Contractor Selection has not been Determined at this time.