Property Sale & Development - 104 Armory Street / E.D.

This solicitation concerns the sale of a 10,057‑sq‑ft vacant parcel at 104 Armory Street, Worcester, MA, to a single developer who will create a taxable or tax‑equivalent project that aligns with the city’s Green Worcester Plan and includes affordable housing and green space. The minimum bid is $120,400, with a 10 % bid bond required. The winning bidder, Habitat for Humanity, must finance the purchase, obtain all permits, begin construction within six months of closing, and complete the project within 30–36 months depending on evaluation criteria. • Property: 10,057 sq ft, RG‑5 residential zoning, “as‑is” sale. • Development requirements: taxable reuse, ≥2 affordable residential units, ≥2,000–3,0 00 sq ft green space, compliance with sustainability goals. • Financial obligations: 10 % bid security, no deed excise tax, buyer covers recording and survey costs, and must provide a detailed financial plan.