The City of Urbana is requesting proposals from developers for city-owned property at 200 S. Vine Street, specifically for residential development. Here is the press release:
City of Urbana Requests Development Proposals for 200 South Vine Block
The City of Urbana has issued a Request for Proposals seeking a developer for 1.75 acres of city-owned property in Downtown Urbana at 200 South Vine Street. Proposals by interested developers are due on Monday, April 16th.
Mayor Diane Marlin said that the site represents an excellent opportunity to bring more residents within walking distance of the heart of Downtown Urbana, which blends family-friendly livability with creative new energy.
“Our Downtown is exceptionally livable. We have grocery stores, restaurants, and coffee shops within a few blocks’ walk. There are also essential services such as clothing and shoe stores, pharmacies, salons and barber shops,” Marlin said. “The 200 South Vine site is an easy walk to the University of Illinois campus, Krannert Center for the Performing Arts and Carle Foundation Hospital and one block from a mass transit hub. It’s a great place for a new project that will complement our thriving community.”
The City of Urbana is actively seeking a developer to acquire and develop the site into a medium- to high-density residential development. This development could consist of residential mixed-use, multi-story residential, or high-density townhome development. Located in Downtown Urbana adjacent to the Historic East Urbana Neighborhood, the site is conveniently located near the University of Illinois and Carle Foundation Hospital.
Urbana presents an outstanding opportunity for new development in a Big Ten university city. The Downtown is continuously changing and developing, with recent projects including a new brewery, food hall, children’s play museum and cafe, and three co-working spaces. Urbana’s Market at the Square, located across the street from the site, is the largest Farmers Market in downstate Illinois. A beloved Saturday morning tradition, an average of 4,800 patrons attend each Market in season from May through October.
For more information and to review the formal RFP please visit the City’s website at urbanaillinois.us.