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The Williamsburg Economic Development Authority is now accepting letters of interest from prospective developers of the Super 8 property on Richmond Road.
The EDA held a meeting Wednesday afternoon in which members discussed a future sale of the property for the purpose of development.
“The property is ideally situated within walking distance of the College of William and Mary and a short drive from Historic Colonial Williamsburg,” read a memo released at the meeting. “This is a perfect opportunity to redevelop a prime property with commercial zoning in concert with the City as a partner located in one of the top 10 tourist destinations in Virginia.”
The meeting packet also indicated that the City Council asked the EDA to issue a request for letters of interest. The EDA voted unanimously to do so at Wednesday’s meeting.
“This is really one of the first opportunities for the private sector to impact something that’s a part of the city’s vision,” said City of Williamsburg Economic Development Director Michele Mixner DeWitt.
The city officially purchased the Super 8 and the .86 acre property at 1233 Richmond Road in August with the intent to market it for redevelopment. Aug. 22 was the closing date and the motel is currently being demolished.
The city agreed to pay $2,450,000 to purchase the property from then-owner Progressive Hospitality, Inc.
“The City’s goal for the Property is to identify a private development that works in concert with the adjacent downtown to attract residents and visitors and is compatible and complementary to other current and future developments in the area,” the memo read.
According to the meeting document, letters of interest are expected to include a detailed project description, implementation plan and schedule, purchase price, project staff resumes, and required project participation by the city.
Letters of interest are due by 4 p.m. on Monday, Jan. 30, 2017. All submissions will remain confidential and the EDA will review responses in a closed session on Feb. 8, 2017.
Applicants whose submissions are chosen for further review will be selected for in-person interviews before the EDA makes a recommendation to the City Council.