Property Sale & Development - 6 Claremont Street / E.D.

The City of Worcester is selling a vacant 11,261 sq ft parcel at 6 Claremont Street to a private developer. The minimum bid price is $56,146 and a 10 % bid bond is required. The winning bidder, Worcester Community Housing Resources, must purchase the land, secure financing, obtain all required zoning and building permits, conduct full due‑diligence (including environmental assessments), and develop affordable residential units with at least 2,000–3,000 sq ft of green space. The buyer must begin construction within 12–18 months of the Terms of Conveyance Agreement execution and complete the project within 18–24 months, indemnify the City for any pre‑existing environmental liabilities, and adhere to post‑closing use restrictions. • Minimum purchase price: $56,146 (award price $57,000). • Required bid bond: 10 % of proposed price. • Development schedule: start ≤ 12 months (highly advantageous) and finish ≤ 18 months; alternative schedule ≤ 18 / 24 months. • Green‑space requirement: ≥ 3,000 sq ft for highest rating. • No City funding; buyer must provide full financing and cover all due‑diligence, permitting, and construction costs.