Redeveloper for Former Sony Property Redevelopment

The Borough of Pitman is actively soliciting proposals from experienced Redevelopers for the comprehensive redevelopment of the former Sony Property, a significant 76.61-acre site located at 400 N. Woodbury Glassboro Road (CR 553), designated as Block 138, Lot 1. This prominent parcel, previously housing a ±500,000 square-foot manufacturing facility, has been formally designated as a Condemnation Redevelopment Area. The adopted Redevelopment Plan envisions a dynamic Mixed-Use development incorporating residential, commercial, and potentially industrial uses. The selected Redeveloper will be tasked with the entire lifecycle of the project, including strategic design, financing acquisition of the Project Site, comprehensive environmental due diligence and cleanup, securing all necessary permits and governmental approvals from Borough and Gloucester County, providing all required capital and infrastructure improvements, coordinating all construction activities, and potentially engaging in ongoing property management. The Borough aims to transform this visible fixture into a productive, revitalized hub consistent with its vision for the area. Prospective Redevelopers must possess a demonstrably strong track record of successful urban and suburban mixed-use development projects of comparable scale and complexity. Joint ventures are welcomed, provided that the combined experience meets the Borough's stringent requirements. A critical aspect of the evaluation will be the Redeveloper's financial capacity, necessitating the submission of detailed financial statements and project pro formas. Respondents are expected to present a generic concept plan showcasing a cohesive vision for the entire site, including solutions for on-site parking, which may incorporate structured parking components. Proposals must also include a detailed company profile, resumes of key principals and team members, an extensive listing of relevant past development projects (including specifics on nature, size, scope, cost, debt, and equity), and five professional references, including financial institutions. The Borough emphasizes creative proposals that maximize employment opportunities and tax ratable generation while maintaining a high aesthetic standard. All proposals must be submitted in twelve (12) hard copies and one (1) digital .pdf copy. These must be delivered in a sealed envelope clearly marked “Request for Proposal – Former Sony Property” to the Borough Clerk/Administrator. The definitive deadline for proposal submission is July 31, 2024, at 4:00 p.m. Proposals received after this exact date and time, including those postmarked on the due date but physically received late, will not be considered. Electronic submissions via email or fax are strictly prohibited. The RFP does not specify requirements for bid security or performance bonds. For official inquiries, contact the Borough Administrator or Borough Redevelopment Counsel. Submissions should be sent to the Borough of Pitman, Attn: Borough Clerk/Administrator: Sandra McCafferty, 110 S. Broadway, Pitman, NJ 08071. Further questions can be directed to Emily K. Givens, Redevelopment Counsel, via phone at (856) 854-1515 or email at egivens@maleygivens.com. UNLOCK