The City of Nashua invites qualified developers to submit proposals for redevelopment of a City-owned parcel of land known as the “School Street Parking Lot” (“the Parcel”). The Parcel is 29,700 square feet in area.  It is located in the heart of Downtown Nashua one block from Main Street.  The City seeks to enter into an exclusive negotiation agreement with a developer which will develop a market rate residential project, although other uses are allowed.  A preliminary conceptual plan (see Appendix E) indicates the opportunity for a 60- to 80-unit residential project.  Supplementing on-site parking through utilization of the adjacent High Street Municipal Garage is encouraged. The following RFP summarizes the opportunity, including market area characteristics, downtown profile, the Parcel location, profile, zoning, and parking. It details the City’s objectives for the project, submission requirements, and the process for reviewing proposals, including evaluation criteria, and process for land deposition.