RFP26C-4: 475 Fayette St

The City of Hammond Redevelopment Commission is selling a vacant parcel at 475 Fayette Street and is seeking detailed redevelopment proposals from qualified private parties. Bidders must submit a comprehensive plan describing intended use, design, financing, and any needed environmental remediation, along with a 5 % deposit of $15,750. The parcel’s minimum sale price is $315,000, and the successful bidder must close the purchase within 90 days of signing the Purchase Agreement. Proposals are evaluated on factors such as development quality, schedule, financial capacity, and experience. • Minimum sale price: $315,000; 5 % deposit required with proposal. • Submission deadline: 4 p.m. on January 20 2026; opening at 4:30 p.m. same day. • Buyer must provide redevelopment plan, obtain necessary permits, and address any environmental contamination. • Evaluation emphasizes cost, design quality, timeline, and bidder’s reputation/experience.