Economic Development

REQUEST FOR OFFERS TO PURCHASE AND REDEVELOP REAL PROPERTY

50 BARRACK STREET, TRENTON, NJ

Date Issued: Tuesday, July 9, 2024

Questions due by 5:00 P.M. EST on Monday, August 12, 2024

Second round of questions due by 5:00 P.M. EST on Monday, September 23, 2024


Responses now due by 12:00 P.M. EST on Thursday, October 24th, 2024

CCRC is soliciting offers to purchase and redevelop the former Taxation Building located at 50 Barrack Street in Trenton. The Property is a 10-story office building of approximately 230,000 square feet on a 0.55-acre parcel at the corner of Barrack Street and West State Street. 

RFOTP 50 Barrack Street

Addendum 1 

Addendum 2

 
Attachment 1: Description of Property

Attachment 2: Reuse Study

Attachment 3: Revised Purchase, Sale and Redevelopment Agreement
Revised Purchase, Sale and Redevelopment Agreement with Track Changes
Second Revised Purchase, Sale and Redevelopment Agreement
Second Revised Purchase, Sale and Redevelopment Agreement with Track Changes

Attachment 4: Offer Form and Certification

Attachment 5: Required Forms and Compliance including Ownership Disclosure Form

Attachment 6: Pre-Offer Document Review

Attachment 7: Template Deed
Revised Template Deed
Revised Template Deed with Track Changes


REUSE STUDY FOR THE FORMER TAXATION BUILDING 

In 2023 the CCRC commissioned a reuse study of the building to assess the existing physical and environmental conditions of the Property to assess the extent of replacement, upgrade, or repair that will be needed to the building as part of its contemplated rehab/redevelopment and re-use. That Reuse Study is an analysis of building conditions and includes a market analysis for various possible building uses.

CCRC ADAPTIVE REUSE FEASIBILITY STUDY FOR THE FORMER TAXATION BUILDING