continued Buffardi said now the town is talking to Columbia and Forum Industries on their intentions for the property and fulfilling the bid obligations. The winning bidder is required demolish or renovate the existing structures before redeveloping the property.
“We are tying to set up meetings with Columbia and Forum … so we can discuss the issues and discuss whether they still want in,” Buffardi said on Wednesday, Sept. 19.
Godlewski said he is “hopeful” the town could still award the bid to Columbia because it is more than $850,000 more than what Forum Industries put in.
Forum’s bid proposal is to demolish the two existing commercial buildings, construct two three-story senior housing buildings with more than 180 units combined, relocating the existing TrustCo Bank to a new, 2,500-square-foot building and constructing a 4,000-square-foot building for retail and office space.
Columbia’s bid proposal wasn’t as detailed, but the proposal is “to redevelop the site as a retail/office/service plaza either by renovating the existing buildings or constructing new buildings or a combination thereof.”
Housing development was also proposed by Columbia, but it wasn’t guaranteed because further analysis is required. Columbia said its proposal for senior or “market-rate” apartments could be hindered because the town does not own an existing building at the rear of the site.
Columbia’s plans or intentions for the Palma Lumber property were not outlined in its bid proposal.
Late proposals tossed out
The town has also determined two late bids will not be accepted.
One of the late bids was the lowest amount offered for the property, with Tanglewood Development Corporation offering $200,000. Tanglewood proposed constructing 360 apartments in a five-story building with a colonial theme.
The other late bid would have been the second highest bid received, with Peter Luizzi and Brothers Contracting, Inc., offering $1 million. The company proposed up to 190 multi-family units, with 40 units set aside for senior housing and eight for corporate rental.