B3. PURPOSE OF THE EXPRESSION OF INTEREST DOCUMENT
B3.1 The purpose of this Expression of Interest (EOI) is to identify an experienced and capable Respondent to work with the City in developing 565-569 Watt Street into a multi-family residential development with affordable housing.
B3.2 The City of Winnipeg is seeking innovative and feasible concepts for the development of 565-569 Watt Street, ensuring that:
(a) The private or non-profit developer is responsible for financing and constructing the development.
(b) The respondent is responsible for operating the residential and/or amenity space portion of the development, including the affordable housing component. The affordable housing component must remain affordable for the lifetime of the agreement with the City.
B3.3 Council approval of this Site as part of the HAF Land Enhancement Office indicates the intention to see increased housing supply, including affordable units. Respondents will be expected to maximize housing units and affordable housing.
B3.4 Prior to permitting development of this parcel, the City will enter into a subdivision and rezoning (DASZ) application. A map of the proposed development area is identified as the ‘Subject Property’ in ‘Schedule A – Map of Subject Property’.
(a) The application intends to re-zone the Subject Property from ‘R1S – Residential Single Family – Small’ to ‘RMF-L – Residential Multi-Family – Large.’
(b) The application intends to subdivide the property into two parcels, both fronting onto Watt Street:
(i) The northern parcel (Subject Property) will have approximately 210 feet of frontage and an approximate area of 99,010 square feet (~2.3 acres).
(ii) The southern parcel, which is not subject to this EOI, will have approximately 124 feet of frontage and an approximate area of 43,854 square feet (~1 acre). The
southern parcel will be developed into a mixed-use multi-family residential development through a separate and independent process.
(c) Any agreements or conditions required by the proposed rezoning and subdivision shall be entered into with the City of Winnipeg or assigned to the successful Respondent and registered in series with the plan of subdivision at the Winnipeg Land Titles Office.
B3.5 The development may include social amenity space, such as a daycare or other amenity that provides positive social impacts to building tenants/residents or the broader community.
B3.6 The City encourages creative yet practical approaches that maximize development potential while ensuring the City’s long-term operational interests are maintained.
B3.7 The City invites qualified Persons to submit an Information Submission in response to this EOI.
B3.8 After receiving the Submissions to this EOI, the City will review all Submissions received and use the information to make an informed decision which may proceed to direct negotiations with one or more Respondents or the issuance of a Request for Proposal (RFP). Notwithstanding the above intentions, the City will have no obligation to enter into negotiations or a Contract with a Respondent or issue a subsequent RFP.
