2P26-022 Market-Feasibility-Profile.pdf

This is a Market Feasibility Profile prepared for the City of Bristol, Connecticut, regarding the redevelopment of the J.H. Sessions and Sons Building, an approximately 3.54-acre property located at 273 Riverside Avenue in Bristol. The project seeks to transform the historic mill building into workforce housing, addressing local housing needs and economic development objectives. The City of Bristol is accepting submissions from developers and associated parties interested in undertaking this redevelopment initiative. Detailed proposal submission documents and attachments are available through the City of Bristol Purchasing website, with interested parties directed to submit their qualifications and development proposals according to the specifications outlined in the solicitation materials.

The market feasibility profile serves as a critical reference document for prospective developers, providing analysis of market conditions, demographic data, economic trends, and property characteristics relevant to assessing the viability of converting the mill building into workforce housing. This document enables bidders to evaluate the financial feasibility and market demand for the proposed housing development, supporting their decision-making regarding proposal submission and project planning. The profile likely includes information on local workforce demographics, housing demand metrics, comparable market rents, and property-specific factors that would influence the project's economic viability and design considerations.