The Lynchburg Economic Development Authority (LEDA) is seeking proposals from qualified developers for the purchase and redevelopment of the historic Carter Glass Building. Located at 863 Church Street in historic downtown Lynchburg, Virginia, the Property boasts classic Art Deco architectural elements, a limestone façade and a rich historical pedigree from its designer to its renowned owners. Built in 1931, the Carter Glass Building anchors Monument Terrace, the city’s iconic civic landmark of cascading stairs and terraces. The building is masonry constructed, 24,480 square feet over three stories on a 0.45 acre lot that includes parking. The Property is zoned B-4 (Central Business District) with all utilities on site.
Request for Proposals (PDF)
The building is a contributing structure in the Downtown-Court House Hill District on the National Register of Historic Places and is located in both the Central Business District and the James River Arts & Culture District. Most recently the building has been, and portions continue to be, used by local government; however, the space has been effectively vacant since 2007. A paved, 8,843 sf parking lot accommodating approximately 14 vehicles adjoins the building.
The LEDA’s objective is to transfer the property to private ownership whose usage for the space will be adaptive reuse/redevelopment consistent with the Downtown and Riverfront Master Plan. Ultimately the goal is to increase the assessed value of the Property while retaining the character of the structure.
As a contributing building to the National Register of Historic places, any rehabilitation expenses would be eligible for a 25% State Historic Tax Credit and a 20% Federal Historic Tax Credit. Proposals that call for demolition of the structure or alteration to a majority of its historical elements will be rejected.
Copies of this RFP may be downloaded directly from the Lynchburg Economic Development Authority’s website, www.opportunitylynchburg.com, or the City’s Procurement website, www.lynchburgva.gov. Sealed proposals will be received by the Office of Economic Development, Second Floor City Hall, 900 Church Street, Lynchburg, Virginia prior to 5:00 p.m., November 10, 2014.
About the Lynchburg Economic Development Authority
The Lynchburg Economic Development Authority, or LEDA, is a political subdivision of the Commonwealth of Virginia and serves as the incentive arm of the City of Lynchburg. LEDA actively pursues investment and development opportunities, and elevates the economic development profile of the City.