The City of Faribault is requesting proposals from qualified developers and/or development teams for the redevelopment of City-owned property located at 217 Mill Street. The entire site covers 8.83 acres on 9 parcels; however the primary redevelopment area consists of approximately 2.8 acres. This property is located in a prime location on the southeast corner of Division Street and T.H. 60, and is within walking distance of the Central Business District/local Downtown Historic District. This site is also included in the recently adopted Downtown Master Plan, which envisions the site as a mix of residential uses.
To proactively encourage development and to bring the Downtown Master Plan to life, the City is seeking creative proposals for multi-family, attached housing (rental or owner-occupied, townhomes, condominiums), commercial (example: hotel), retail and/or recreational uses on this site. The Downtown Master Plan represents a desired development concept. The goal is that any development proposals support the vision and character of the adjacent downtown, complement the 19th and 20th century buildings that exist, and be built at a scale that is both compact and pedestrian friendly – fitting into the neighborhood and positively contributing to the overall character and vitality of Downtown Faribault.
The Developer/Development Team should submit two (2) hard copies of the proposal package and one electronic copy in a PDF format to Deanna Kuennen, Community and Economic Development Director. All responses must be received by 4:30 PM on Oct. 1, 2021 for consideration.
For a deeper dive into the Request for Proposal, visit 217 Mill Street RFP.