WARSAW, Ind. (December 20, 2022) – The Kosciusko Economic Development Corporation (KEDCO) today announced the issuance of a request for proposals (RFP) to redevelop a shovel-ready, two-acre site located at 302 W. Market Street in downtown Warsaw. The location was formerly home to Owen’s Supermarket and pre-development activities have been completed to deliver a build-ready site.
“The issuance of this RFP is an important milestone in our partnership with the City of Warsaw and our largest employer Zimmer Biomet to encourage the development of workforce housing in proximity to anchor employers in Kosciusko County,” said KEDCO CEO Alan Tio
KEDCO and the City of Warsaw are seeking proposals from qualified developers to maximize the reuse of the site as a transformative, mixed-use development that includes some combination of multi-family residential, onsite parking and market appropriate/sized street level uses (studio office, retail or restaurant space) that help to activate the Market Street corridor.
“With a location in the heart of Downtown, this development will be an important asset in complementing our existing downtown businesses, and supporting our local workforce,” said Warsaw Mayor Joe Thallemer.
This property is the catalyst site for the Workforce Housing Anchor Employer Demonstration Program award from the Indiana Housing & Community Development Association (IHCDA) to a local coalition led by Zimmer Biomet. The award coincided with the completion of a countywide housing market potential study that identified a potential market for up to 225 residential units in downtown Warsaw.
KEDCO is leading a countywide housing initiative focused on adding up to 1,920 units of workforce housing. For purposes of this development, workforce housing is defined as 60%-100% Area Median Income (AMI) for rental units and 60%-120% AMI for buyers. The 2022 AMI for Kosciusko County is defined by the Federal Housing Finance Authority as being $80,100.
To view the RFP and related site documents visit: bit.ly/kedcoRFP. Interested parties should submit their “Intent to Respond” to KEDCO Project Director Terry Sweeney at tsweeney@kosciuskoedc.com by January 5, 2023. Respondents will be invited to particiapote in a pre-submittal conference scheduled for January 10, 2023.
Stay connected with KEDCO via Facebook, Linkedin and Instagram @kosciuskoedc or by visiting www.kosciuskoedc.com.
About Kosciusko Economic Development Corporation
Kosciusko Economic Development Corporation (KEDCO) was formed in 1984 as Kosciusko Development, Inc. to promote economic and community development throughout Kosciusko County. KEDCO is the economic development corporation serving Kosciusko County and all the municipalities therein. Our mission is to convene, build, and show Kosciusko County’s talent, ideas, and capital. Learn more at www.kosciuskoedc.com.
Media Contacts:
Alan Tio (KEDCO) – 574.221.0367 or atio@kosciuskoedc.com
