311_Valley_Prospectus_9325.pdf

This is a prospectus document issued by the City of New Haven's Economic Development Administration regarding the redevelopment opportunity for the former West Rock STREAM Academy located at 311 Valley Street in New Haven, Connecticut. The City is seeking qualified respondents to submit comprehensive proposals for the adaptive reuse and redevelopment of the 4.6-acre property, which includes a 33,605-square-foot vacant building and two portable classrooms. Proposals must demonstrate an exceptional design vision, sound financing strategy, and capacity to secure public approvals while ensuring market viability. The redevelopment project should align with the City's legislative priorities of creating jobs for New Haven residents, enhancing public safety, developing quality housing, and advancing health equity and environmental justice. The official RFP will be posted on the City of New Haven's procurement web portal, with proposals due by January 20, 2026. The procurement opportunity was officially posted on November 30, 2025. The City will consider both long-term lease and sale options, with a preference for proposals presenting a unified vision with a single lead developer.

The property carries a City assessment of $4,630,990 and an appraisal of $6,615,700, indicating substantial investment potential. The site is strategically located approximately 3 miles from downtown New Haven, adjacent to the Westville Village commercial district, and less than 1 mile from Southern Connecticut State University, with direct public transportation access via CT Transit Route 241. Developers must address environmental concerns identified in the Phase I Environmental Site Assessment, including an abandoned underground heating oil storage tank and potential asbestos-containing materials. The RFP evaluation will be based on scientific and technological merit, technical approach, and technical management capabilities, using a rating system that may include numerical, color-coded, or adjective-based scoring. Community and stakeholder involvement is emphasized as critical throughout the project delivery process, and the selected respondent will be expected to complement the ongoing renaissance of New Haven and the West Rock neighborhood.