HomeMy WebLinkAboutItem 03 Glenwood Riverfront Request for Proposal Project Vision and TimelineAGENDA ITEM SUMMARY Meeting Date: 6/24/2019
Meeting Type: Work Session
Department: City Manager’s Office
Staff Contact: Courtney Griesel
S P R I N G F I E L D ECONOMIC Staff Phone No: 541-726-3700
DEVELOPMENT AGENCY Estimated Time: 60 Minutes
ITEM TITLE: GLENWOOD RIVERFRONT REQUEST FOR PROPOSAL PROJECT
VISION AND TIMELINE DISCUSSION
ACTION
REQUESTED:
Provide feedback to staff based on included project plan and timeline and staff and
consultant presentation, guiding and refining the process and vision for the
Glenwood riverfront redevelopment project.
ISSUE
STATEMENT:
The Springfield Economic Development Agency has begun the process for
identifying a redevelopment partner specific to the Glenwood north riverfront area.
The steps and timeline for drafting and issuing the Request for Developer
Qualifications have been drafted.
ATTACHMENTS: ATTACHMENT 1 – Riverfront Area Site Summary, Parcels and Ownership
ATTACHMENT 2 – Proposed Riverfront Request for Proposal Project Timeline
DISCUSSION/
FINANCIAL
IMPACT:
In FY19 the Springfield Economic Development Agency (SEDA) acquired key
Glenwood riverfront acreage in order to begin the formal process of marketing the
opportunities within Glenwood and identifying a development partner to initiate
redevelopment along the riverfront. Acquired parcels are shown in Attachment 1.
Following initial site acquisition, SEDA executed a contract with Abe Farkas of
Farkas Group, LLC, to consult, guide and support the formal developer recruitment
and selection process. Based on the guidance and opinion of Farkas Group, staff is
proposing SEDA move forward with the promotion of the site by issuing a Request
for Qualifications (RFQ). The strategy and timeline associated with the RFQ is
outlined in Attachment 2 and reflects more upfront work by Springfield early in the
process in order to reflect to interested developers an informed, prepared and
business knowledgeable and friendly partner, ideally leading to a more successful
selection and negotiation process.
This RFQ effort will rely on, and promote, the existing Glenwood redevelopment
vision as identified within the Glenwood Refinement Plan. The alignment of goals,
key messaging, and commitment by the SEDA Board and Council to the defined
vision for the site will be critical and is desired to be discussed during this work
session. Additionally, market study research and information done ahead of posting
the formal RFQ will inform a realistic vision and structure for a partnership to be
promoted within the RFQ and through the promotion process.
While the formal work of drafting the RFQ and market research is in process, the
site and redevelopment vision is planned to undergo ‘soft’ market testing,
promoting the site to national leaders in redevelopment and gathering feedback and
interest ahead of the formal RFQ issuance. This type of ‘soft’ market testing is
typical of substantial redevelopment projects and signals to the development
community a thoughtful process.
Abe Farkas with Farkas Group will be in attendance to discuss the opportunities,
constraints, and process proposed for promoting and pursuing redevelopment
within the Glenwood Riverfront area. Staff will be looking for urban renewal
feedback.
Contact Courtney Griesel: cgriesel@springfield-or.gov 541.726.3700
Springfield, Oregon
GLENWOOD REDEVELOPMENT AREA
Vision:
A mixed-use development opportunity boasting urban and riverfront parks, community access to the Willamette
River, opportunities to live, work, dine and shop, and a vibrant full-service hospitality district. World-class
infrastructure is designed to serve multiple sites, uses, and activities with a central parking structure and bike,
pedestrian and vehicular amenities.
June 2019
Attachment 1, Page 1 of 3
Contact Courtney Griesel: cgriesel@springfield-or.gov 541.726.3700
SITE & LAND-USE CHARACTERISTICS
OPPORTUNITY AREA
SITE OPPORTUNITIES:
Willamette Riverfront access from Franklin
1 Mile to UO, ½ Mile to Downtown
I-5 Visibility and Access
Adjacent Property Owner Partnerships
Mixed-Income Housing
Prioritization of Open Space Amenities
Site Control
CONSTRAINTS:
FEMA and River Setback Restrictions
Uncertainty of Plan Amendment & Validation
Small Parcel Acquisitions Remain
Cost Responsibility of Specialized
Characteristics; Roadway, Parking,
Conference Center
Attachment 1, Page 2 of 3
Contact Courtney Griesel: cgriesel@springfield-or.gov 541.726.3700
LOT(S) OWNER Est. Acres
800 Springfield Economic Development Agency 1.51
700, 500, 1300, 1500, 400 Springfield Economic Development Agency 7.18
1000, 900 Non-Public Ownership, Non-Developer .34
1100, 1400, 1700, 1800,
1900, 2000, 2001, 2100
Public Ownership, Developer 1.27
1600, 1700, 1800, 1900,
2000, 2100, 1500, 100
Non-Public Ownership, Developer 8.14
100, 300, 200 Non-Public Ownership, Developer 7.69
Attachment 1, Page 3 of 3
Attachment 2, Page 1 of 1