Brenham Housing Authority
Land | 14.696 acres
Marketing description
Request For Proposal. The Brenham Housing Authority (BHA) is pleased to announce 14.696 acres of land for sale through a Request For Proposal process. BHA is interested in hearing from private development groups that want to create a transformative redevelopment project in the heart of Brenham. This transaction marks a major milestone in Brenham to enhance commercial development, housing options and stimulate economic development within the community. The vision for the development is to have commercial tracts and residential housing that will contribute to Brenham’s evolving landscape and meet a growing demand for services and for modern living spaces.
Interested developers may request RFP materials from Cyndee Smith of Oldham Goodwin at cyndee.smith@oldhamgoodwin.com
Investment highlights
In keeping with its mandate to provide housing in the Brenham area, Brenham Housing Authority is seeking proposals to purchase and redevelop these properties at the corner of Bluebell and Gayhill St. in Brenham, TX. The property has fully developed streets and utilities. The proposal should include price to purchase and/or lease land, or part of the land, with the Developer responsible for the demolition and asbestos abatement of all 11 duplexes should they purchase that portion, as well as a preliminary use plan for the property. The properties could be divided (currently has not be replatted) into three sections which can be purchased separately or all together (see attached Proposed Development of Tract).
• Tract C – Approximately 2.7 acres that can be rezoned for business (B1). These 2.7 acres could be further divided as commercial property with frontage on 577 (E. Bluebell Road).
• Tract D – Approximately 3.5 acres (part of this area must be used for a property-wide detention pond). It would connect to drainage from the other acreages and then drain into storm drainage that runs through Fairview Terrace apartments. Eventually, this water would drain into the creek to the west of Fairview Terrace. The rest of the 3.5 acres could be developed as housing, commercial and/or green space.
• Tract E – 9.095 acres, which we would like to see redeveloped as starter homes (townhouses/patio homes, triplexes, quadplexes) with some being designated for rental, but we are open to other suggestions.
Additionally, all 14.696 acres are currently zoned as multi-family workforce and/or market rent housing. We realize that in the current market this presents a challenge, and BHA would be willing to work with the City of Brenham and the Developer in utilizing our PFC corporation or other means to help realize whatever incentives are necessary to make the project cashflow. The City of Brenham has asked for a 30% proposed visualization of what the redevelopment would look like to present to City Council with a proforma showing what incentives are needed to make it work.
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