Property Sale & Reuse - 51 & 61 Sever Street / CM

The City of Worcester is offering the sale of two contiguous parcels at 51 & 61 Sever Street, including a vacant parking lot and two existing buildings totaling roughly 60,000 sq ft. The buyer must purchase the properties “as‑is,” commit to using the land for educational purposes, and assume all due‑diligence, permitting, and site‑improvement responsibilities. The RFP also provides an optional short‑term occupancy arrangement for the City in the 61 Sever Street building, which can influence the evaluation score. • Minimum bid: $4,500,000 (revised to $4,905,000 via Addendum 1) with a 5 % bid security. • Required buyer capabilities: financial capacity to fund acquisition and redevelopment, experience with educational‑use projects, and ability to meet environmental and zoning compliance. • Evaluation criteria emphasize educational reuse quality, municipal revenue generation, relevant experience, traffic/parking plans, and the ability to accommodate the City’s temporary occupancy. • Proposals must be submitted by November 21 2025, include extensive financial and legal disclosures, and remain valid for 120 days.