City Seeking Development Partner for Monument Square Project

City Seeking Development Partner for Monument Square Project

Mayor Madden: City Seeking Development Partner for 1 Monument Square Project

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City issuing RFQ for qualified developers to collaborate on redevelopment of Monument Square

Project will integrate public feedback developed during community design workshop

TROY, NY – Mayor Patrick Madden today announced the City of Troy, in conjunction with the Troy Local Development Corporation (TLDC), is releasing an RFQ seeking a qualified development partner to lead a public/private partnership in support of a fresh start to redeveloping the former City Hall site.

Mayor Madden said, “We’re excited to move forward with the development phase of our community-driven approach to shaping the Monument Square site. This fresh start provides a unique opportunity for interested developers to help shape the future of Troy’s waterfront and downtown. Thank you to the public for their continued involvement and guidance in this project. Their feedback was critical to provide potential developers a guide of achieving the community’s shared vision, including waterfront access, public space, and design which reflect the city’s historic downtown character.”

In 2018, in response to previous unsuccessful attempts to develop the One Monument Square site and address public uncertainty concerning the site’s suitability for redevelopment, city officials reset their approach and began the process with community input. The city engaged residents, community members and key stakeholders through a 4-day design workshop. Feedback from participants helped identify prominent public space, uses and design components – including two levels of parking covered by a grand plaza, and connections to Riverfront Park and the Hudson River waterfront – to guide the development phase of the project moving forward.

The RFQ differs from previous approaches in its focus on establishing a public private partnership to ensure public involvement is continued and the resulting project achieves a shared vision from the community.

Steven Strichman, Commissioner of Planning & Economic Development, said “The Request for Qualifications better positions the City to ensure that redevelopment honors the community’s vision and desires for Monument Square. Previous requests for proposals established unrealistic expectations on potential respondents. Instead, we’re inviting collaboration and asking developers to demonstrate the creativity and agility that infill projects require.”

Beginning Friday, April, 12, copies of the Monument Square RFQ can be obtained from the City of Troy’s Purchasing Department, 433 River Street, Troy, NY 12180. Interested vendors can request electronic documents from Claudia Mahoney at [email protected].  Responses are due by 4:00 pm, May 10, 2019.

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Press Contact:
John Salka, Deputy Director of Public Information
[email protected] / (518) 279-7131