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How many years has your company been in operation?

What aspects of real estate development does your company have experience with?

Residential

Commercial

Retail

Office

Other

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Please Explain

What role does your organization play in the real estate development market? Developer, Manager, Financing, Other?

Please describe your company's development experience over the last 5-10 years. For example, discuss how many residential units have you developed or how many square feet of commercial or other non-residential square footage have you developed.

How many people do you directly employ?

Does your company qualify as a M/WBE (Note: “M/WBE” to denote both minority-owned and women-owned business enterprises, whether they are certified by the Commonwealth's Supplier Diversity Office, or not.)

Is your business a Publicly Traded Company?

Does your company have operations/experience in the Commonwealth of Massachusetts?

Does your company have operations/experience in Fall River?

Does your organization have any experience with public/governmental entities to aquire public property for development ?

Please provide any additional materials/information about your organization that you would like MassDOT to be aware of.

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Max. file size: 20 MB.

Please confirm if your organization is interested in participating in a one-on-one meetings to further explore and explain your responses to this RFI.

Before responding to the questions below, please read MassDOT’s Request for Information document to better understand the Property and its complexities. Specific reference is made to Section II. Project Overview, Planning Zoning and Permitting, Property Description and Components, Existing Conditions, Transportation, Parking, and Access.

General

1) Are you interested in pursuing this project on your own or with a team? Question is asked in context of development, equity or financing partners not from a consultancy perspective.

2) Please provide context and names of partners, if appropriate.

3) Please provide an overview of your organization’s approach to the opportunity.

4) Do you have concerns about the ability to advance the Master Plan for this project? Please provide context such as market demand drivers and competitive context along with construction feasibility considerations (e.g., hard and soft costs, financing, delivery timelines).

5) Please share any additional information, observations or recommendations that would help MassDOT structure its solicitation and contract documents to better reflect market expectations, streamline implementation, and attract qualified developers to achive the intention of the Master Plan.

6) What actions could MassDOT take to make this opportunity most attractive to potential developers and investors?

7) How much time would you anticipate needing for due diligence, permitting, and pre-closing activities prior to the initial transaction closing? If a phased development approach is pursued, please indicate the expected timeframes for each phase.

Due Diligence Year(s)

Due Diligence Month(s)

Permitting Year(s)

Permitting Month(s)

Pre-closing Activities Year(s)

Pre-closing Activities Month(s)

8) From your perspective, what project, site, or procurement factors could limit your ability or willingness to pursue this opportunity, and how might MassDOT address them to enhance market participation?

9) Do you have recommendations as to how best to manage the property between the completion of construction this spring and a potential closing on the Property?

10) Please identify any general questions or additional information requests your team may have concerning the Property, the proposed development framework, or the anticipated procurement process.

Master Plan: The Master Plan (Pg. 26) contemplates the development of nine residential buildings with ancillary retail and/or office space. Several buildings in the Master Plan are nine and twelve stories tall and two independent parking garages are suggested.

Please advise whether the proposed Master Plan development program is achievable, consistent with current and anticipated market demand for residential uses or possibly other uses such as office, lab, etc. In your response, include supporting rationale such as: Market demand drivers and competitive context along with construction feasibility considerations (e.g., construction costs, financing, delivery timelines).

The Master Plan includes Design Guidelines (pg. 99) are included within the Master Plan documents.

Please advise whether the proposed Design Guidelines are consistent with current and anticipated market demand for residential uses and, as applicable, for alternative or complementary uses (e.g., office, lab, or other commercial). In your response, include supporting rationale such as: Market demand drivers and competitive context along with construction feasibility considerations (e.g., cost, financing, delivery timelines).

The Master Plan (p. 32 and Appendix) notes that National Grid is the electric provider in Fall River at the project location. Based on demand estimates prepared by Stantec, National Grid has indicated that the existing system does not have sufficient capacity to support the full buildout. Infrastructure upgrades funded by development on the Property will be required.

Given this context, please describe how your team would approach this electric infrastructure need, including your assumptions about feasibility, timing, cost allocation, financing, and potential mitigation strategies.

Development on the Property will require an evaluation of the applicability of the Massachusetts Environmental Policy Act (MEPA).

Given this context, please describe how your team would approach a strategy to comply with MEPA. Please provide a response in the context of one, two, three or more development opportunities and if you think development of the site should be phased or not.

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Master Plan: The Master Plan (Pg. 26) contemplates the development of nine residential buildings with ancillary retail and/or office space. Several buildings in the Master Plan are nine and twelve stories tall and two independent parking garages are suggested.

The Master Plan includes Design Guidelines (pg. 99) are included within the Master Plan documents.

Development on the Property will require an evaluation of the applicability of the Massachusetts Environmental Policy Act (MEPA).