Lease, Development & Management & Financial Feasibility-50 East St RFQ Re-Post

The Town of New Milford is seeking qualified and experienced operators, developers, or architects to enter into a long-term land lease for a property located at 50 East Street. The site features a historic 31,044-square-foot Colonial Revival-style building situated on 4.63 acres of land, which is serviced by public water and sewer systems. The project aims to develop and manage the property in a manner that aligns with the town’s goals, potentially involving redevelopment, adaptive reuse, or other development strategies. The solicitation emphasizes a financial feasibility component, with project costs estimated to range between five and fifteen million dollars, indicating a significant development scope. Interested parties are invited to submit their qualifications by July 10, 2025, with the opportunity to propose innovative development plans that could enhance the property's value and utility. The Town of New Milford, through its designated contact Tanya Pond, encourages submissions that demonstrate relevant experience and a clear vision for sustainable and beneficial use of the property. The project is part of Connecticut’s broader efforts to promote responsible land use and community development, and detailed information about the solicitation can be accessed through the Connecticut Source Bid Board portal.