311_Valley_Prospectus_9325.pdf

This is a prospectus and Request for Proposal issued by the City of New Haven's Economic Development Administration for the adaptive reuse or redevelopment of the former West Rock STREAM Academy, a 4.6-acre, 33,605-square-foot property located at 311 Valley Street in the West Rock neighborhood. The City seeks qualified respondents to present comprehensive proposals including conceptual plans, design strategies, and financing approaches for transforming the site into a community-serving asset. The former public school, built in 1950 and closed in 2021, is strategically positioned approximately 3 miles from downtown New Haven, adjacent to the Westville Village commercial district, less than 1 mile from Southern Connecticut State University, and served by CT Transit Route 241. The City will consider long-term lease and sale options as well as mixed-use proposals, provided respondents present a unified vision with one lead developer. The official RFP will be posted on the City of New Haven's procurement web portal at https://www.newhavenct.gov/government/departments-divisions/purchasing-division/general-information/procurement-web-portal.

The property carries a City assessment of $4,630,990 and a City appraisal of $6,615,700. Proposed reuse should align with the City's legislative priorities, including job creation for New Haven residents, public safety enhancement, health equity, environmental justice, and affordable housing. The City will select a respondent demonstrating exceptional design capability, sound financing strategy, and capacity to secure public approvals while ensuring market viability and community stakeholder engagement throughout the project delivery process. The selected developer will be expected to complement the ongoing revitalization of the City and West Rock neighborhood.