The following is a guest post submitted by Matthew Denker.
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As some of you may or may not know, the city has finally released a Request for Proposals (RFP) on 88 Elm Street . Up front, here’s a link to the RFP
, in case you run a development company, or if you’re Larry Glazer and you’re looking for another project to work on.
In any event, here’s some background on 88 Elm St. Somehow, despite being built sometime in the 60s, no one is exactly sure when 88 Elm St. was constructed, or where, exactly, it came from. You’d think that’d be impossible in this day and age, but it’s not. In 1998, the city decided it had enough of the owners of the property not paying their taxes and they took it. All well and good, except now it’s been empty for 15 years. It’s emptier than you might think. The city spent more than a million dollars on an asbestos abatement and a new roof. The building has no electrical system, no sprinkler system, no HVAC, no plumbing. It is a completely bare 13 story tower. That’s a bit of a rarity, and it could be yours for only $360,000. Apparently that’s the market rate for the 13-story husk of a building…