The lone bid to redevelop the Property, currently home to a vacant former McDonald’s restaurant, calls for a two-story, 192-seat restaurant with bar and second-floor deck. If all goes according to plan, the restaurant would be built by July 2017.
The bid was submitted by John Swansburg of Beverly, described in the bid as being involved “in the real estate business for over 30 years.”
Only one bid was returned to City Hall for the city-owned property at 1 Water St. The city had extended the previous bid deadline from mid-August due to lack of interest. Under city guidelines, the developer will own whatever is constructed on the property, but will lease the land from the city.
Known for wood-fired flatbread pizzas, Flatbread restaurants use organic ingredients, such as free-range chicken and nitrate-free pepperoni and sausage made on the premises, according to the company handbook, which was submitted with the bid.
“They are a very high-quality, but well-priced pizza restaurant,” Mayor Michael Cahill said. “The question is whether or not the response to the request for proposals is right for the city.”
A committee, made up of members of the city administration, will make a recommendation on the proposal, the mayor said.
“They’re reading through the response already,” Cahill said.
If the proposal is chosen, permitting and negotiations for the lease would be complete by September 2016. Construction would run from October 2016 to June 2017 to hit the targeted July 2017 opening, according to the bid.
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