The City of Faribault is calling for creative proposals from qualified developers that reenvision a site as residential just a block from the heart of downtown.
Proposals for the parcel(s), located at the corner of 1st Avenue NW and 1st Street NW, should focus on blending the architectural character of the surrounding area, taking advantage of the compact lot size and steep topography, and positively contributing to downtown as a destination for residents.
The site includes two parcels, and in working with the selected Development, the City will combine the lots to support the development, if needed. The City removed an existing commercial building on the east parcel a number of years ago, and a three-plex house was removed from the west parcel in 2019. Although the City removed the foundations and restored the parcels, the driveway aprons remain.
As they currently exist, the parcels have a combined length of 165 feet, a depth of 100 feet, and a combined area of approximately 16,500 square feet. However, the City and the selected Developer will coordinate to shift the south property line roughly 15-20 feet to the north (to accommodate an existing drainage easement and retaining associated with the adjacent property), which will result in a parcel depth of 80-85-feet and a combined parcel area of approximately 13,000-14,000 square feet available for the proposed development.
For more information about the request for the proposal, click here. Responses are due Nov. 6, 2020. It is the City’s intention to identify a preferred development partner by the end of the year, enter into an exclusive negotiation period with the selected developer – with construction starting in spring/summer 2021.