The City of New Rochelle has cancelled agreements to lease two City-owned property at 2 Pelham Road at the New Rochelle Marina. The City had offered out the properties through an RFP Process. Instead, the two properties will be marketed by a real estate broker.
"The deal is off," said City spokesperson Kathy Gilwit. "We are submitting these properties and all our properties to a broker who will be selected
through a competitive RFP process."
Council Member Albert Tarantino had expressed concerns at the November 13th City Council meeting that the RFP Process was not the best way to lease out City-owned property. During the November 13th meeting, no one at the table could recall why the City was using the RFP process to lease City-owned property and no Council members objected to hiring a broker.
Tarantino expressed concern that property currently leased out by the City at the Marina is being done at significantly below-market rates, a fact confirmed by realtors familiar with the local commercial property market and the lease agreements in place at the New Rochelle Marina.
Commenting on this Blog entry is closed.