GSA is seeking ideas from the development community and other interested parties regarding the potential for non-federal reuse of Webster School.
As part of its strategic real property asset management program through which GSA reviews its properties regularly, the Administration’s goal to “Freeze the Footprint”, and in accordance with the June 2010 Presidential Memorandum to dispose of unneeded Federal real estate, GSA is exploring strategies to leverage its assets and land to improve utilization, reduce costs, and deliver facilities. In doing so, GSA has identified the Webster School as an under performing federal real property asset and is seeking information to help reposition this asset.
The objectives of the RFI are to solicit the expertise of the real estate market for creative development ideas for the repositioning of the Webster School. Specifically GSA intends to:
- Use the information received from the RFI to aid in the decision making process for this property,
- Better understand the market interest in the property given its condition, historic status, and the postulated security requirements,
- Identify innovative and financially viable transaction structures, and
- Achieve best value to the Government and taxpayers, through the most beneficial technical and financial solution.