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Draft RFP – North Avenue Redevelopment – March 2023

BID #: N/A
ISSUED: 3/1/2023
OPENED: 12/11/2025
DUE: 6/15/2023
VALUE: TBD
90
Rating

Risk Rank

Yellow Risk

AI-Powered Lead Insights

Executive Summary

The Township of Cranford is seeking proposals from experienced developers for the acquisition and redevelopment of the North + Springfield Redevelopment Area, comprising approximately 2 acres of primarily Township-owned properties in Downtown Cranford. The redevelopment area, designated on September 8, 2020, aims to revitalize the downtown area and comply with the Township’s affordable housing obligations. Proposals should adhere to the Redevelopment Plan and incorporate the design criteria of the Connolly & Hickey Vision Plan. Implementation will require purchase of Township properties (Lot 14 and a portion of Lot 6.01) and four privately owned properties (Lots 10, 11, 12, & 13) at fair market value as determined by a licensed appraiser. This is for a mixed-use inclusionary project of at most 40 residential units, eight (8) units of which are to be designated and deed-restricted affordable housing units. The area would also include a municipal parking component, address downtown flooding concerns, and is designed at a scale and density that is consistent with Cranford’s continued efforts to revitalize its downtown. Qualified respondents should demonstrate a comprehensive strategy for redeveloping the properties. Key requirements include a summary of investment capital, financial statements, project references, and a detailed redevelopment plan. The Township will evaluate proposals based on various criteria, including understanding of the redevelopment goals, creativity, financial strength, and the viability of proposed development uses. Proposals must be submitted by June 15, 2023, at 10:00 AM, to the Business Administrator at 8 Springfield Avenue, Cranford, NJ 07016, and include one original, two hard copies, a copy on a USB drive, and a $2,500 non-refundable submission fee.

Detailed Risk Breakdown

local preference

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performance bond

Evidence Detected

1 CLAUSES FOUND
"...Evidence of its ability to secure builder’s risk insurance and performance bonding capacity...."

liquidated damages

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Contacts

Business Administrator

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Timeline

First Discovered

Mar 19, 2026

Last Info Update

Apr 30, 2026

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