Bura is seeking proposals from qualified entities for the acquisition and redevelopment of 667 Main Street and 664 Washington Street in Buffalo, NY. The property is a multi-building commercial structure with approximately 18,960 sq. ft. Proposals should outline acquisition, redevelopment strategy, financing, and operational plans. Key considerations include maintaining the existing hostel use, aligning with city revitalization goals, and promoting economic growth. Submission deadline is July 28, 2026, at 3:00 PM EST. Electronic or physical submissions are accepted.
The submission deadline is July 28, 2026, at 3:00 PM EST. submission deadlinejuly 28, 2026 at 3: 00 pm est
Proposals may be evaluated based upon developer qualifications and experience, financial capability and proposed acquisition offer, strength and feasibility of redevelopment concept, alignment with BURA and City redevelopment goals, project readiness and timeline, MWBE participation strategy, and community and economic impact. evaluation criteriaproposals may be evaluated based upon, but not limited to, the following criteria: o developer qualifications and experience o financial capability and proposed acquisition offer o strength and feasibility of redevelopment concept o alignment with bura and city redevelopment goals o project readiness and timeline o mwbe participation strategy o community and economic impact
Respondents must demonstrate relevant development experience, including adaptive reuse, mixed-use redevelopment, and experience utilizing historic tax credits if applicable. experience qualificationso relevant development experience o experience with adaptive reuse projects o experience with mixeduse redevelopment o experience utilizing historic tax credits if applicable
Bura may allow scheduled site visits for interested respondents, coordinated through the designated submission contact. site visitsbura may allow scheduled site visits for interested respondents. site visits may be coordinated through the designated submission contact and may occur at dates and times determined by bura.
Questions regarding the proposal must be submitted in writing by email only on or before Tuesday, July 13, 2026, at 1:00 PM EST. all questions must be received on or before: 1: 00 pm e. s. t. tuesday, july 13, 2026