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  • ARC Seeks Request for Proposal for National Hardware Chain

    The Albion Reinvestment Corporation (ARC), a 501c3, is seeking a qualified development partner for the “Superior Street Lofts Project” in downtown Albion, Michigan to own and operate a national franchise retail hardware store in the 1st floor commercial space of 315 S. Superior Street.

    ARC is uniquely positioned to support and accelerate new development in Downtown Albion and is seeking motivated individuals with business experience, proven track record as an entrepreneur in retail, hardware experience preferred. ARC will partner with the new commercial entity to aid in establishing an anchor retail presence in downtown Albion and a successful commercial business.

    ARC’s Board and Team will be dedicated to assisting in the development of a successful operation. ARC’s commitment does not end at having the space redeveloped and ready for your use, it will continue as a partner through subsidized lease rates, buy local first initiatives, and a partnership approach to build-out of the redeveloped commercial space. Additionally, financing assistance can be available through various programs.

    Timing: All proposals are due to ARC by close of business on September 13, 2019. Proposals will be evaluated during the next 60 days, with a decision anticipated by November 15, 2019.

    The proposal is the entrepreneur’s opportunity to sell their retail vision to ARC. A complete set of requirements are included in the full RFP document. The RFP can be obtained by calling the EDC at 517.629.3926, emailing adeprez@albionedc.org or visiting the EDC or ARC website at the following links: www.albionedc.org or www.albionreinvests.org.

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