Property Sale & Development - Former Denholm Property / WRA

The Worcester Redevelopment Authority (WRA) issued an RFP to sell and redevelop the former Denholm property, a 2.47‑acre, 200,000‑sq‑ft former office‑condominium located at 484‑500 Main St., Worcester, MA. The agency seeks a developer to purchase the property (minimum $3 M) and either adaptively reuse the existing structure or demolish and rebuild, with an optional $2.5 M demolition credit. The developer must secure financing, obtain all permits, conduct environmental due diligence, and comply with WRA’s Responsible Employer & Inclusionary Participation Policy (REIPP) and city zoning (BG‑6.0). Proposals were due 17 Feb 2023, with a 120‑day validity period, and the award ultimately went to The Menkiti Group. Key requirements include: • Demonstrated financial capacity to fund purchase and full‑scale redevelopment. • Detailed economic impact analysis (investment, jobs, residential units, etc.). • Commitment to REIPP workforce‑diversity goals and sustainable design criteria (minimum four Green Worcester goals). • Submission of a non‑price narrative and a separate sealed price envelope (including demolition‑credit election).