Request for Proposals (RFP) for the Purchase and Development of 21 Walnut Street, Binghamton, NY 13905

The Broome County Land Bank Corporation is seeking proposals from qualified developers for the purchase and redevelopment of the property located at 21 Walnut Street in Binghamton, NY. Acquired in October 2021 through property tax foreclosure, the property is targeted for residential use, with the selected developer expected to present a feasible development plan that can be completed within twelve months of the sale. The project requires demonstrated financial capacity and renovation experience, and the proposal review process will be conducted by the Land Bank’s staff and Board of Directors, who will select a single developer at their sole discretion. The contract is a one-time agreement, and all submitted proposals will be incorporated into the Land Bank’s records without any obligation to proceed. Proposals must be submitted by September 6, 2024, at 4:00 PM via mail, hand delivery, or email, with the goal of encouraging responsible development within the specified timeframe. The solicitation is open to entities with relevant experience, and the project’s contract value is estimated between $100,000 and $500,000. Notably, the project is not set aside for service-disabled veteran-owned businesses. Interested parties can contact Jessica Haas, the Executive Director, for further information. The initiative aligns with the NAICS code 236220, indicating a focus on construction of residential buildings, and the process is managed by the New York-based Broome County Land Bank Corporation.