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Committee approves recommendation to announce Midtown parcels for sale or lease, sets RFP timetable
Summary
The Finance Committee voted to recommend that the governing body approve an announcement and begin marketing about 24.8 acres of the Midtown site for sale or lease, with a developer RFP expected to open in April and close in June pending final approval.
The Santa Fe Finance Committee on a 4-0 voice roll call on March 1 recommended that the governing body approve a public announcement to market portions of the Midtown redevelopment site for sale or lease and to begin a developer outreach process.
The recommendation, presented by Daniel Hernandez, Director of the Metropolitan Redevelopment Agency, covers roughly 24.8 acres and 22 parcels within the larger 64-acre Midtown site. Hernandez said the city has recorded a new block-and-street grid consistent with the Midtown master plan and that the parcels proposed for disposition do not include approximately 8 acres of state-owned property known as “tracto” or about 4.5 acres of public right-of-way.
Why it matters: Midtown is a long-planned mixed-use redevelopment near the city’s cultural assets, and the committee’s action starts a public, competitive developer selection process that will shape housing, commercial uses and public…
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