The Town is seeking proposals from qualified individuals or entities interested in leasing property owned by the Town of Cary (‘Town') at any of the following locations: 122 E. Chatham Street; 120 E. Chatham Street and 109 N. Walker Street Cary, North Carolina (‘Property'). The Property(s) is located in downtown
Cary in a downtown municipal service district, also known as a business improvement district (‘BID'), established by the Cary Town Council. The structure on each Property varies with full details found in Attachment B. The Town is involved in an effort to revitalize downtown Cary with emphasis on both Academy
and Chatham Streets. In 2011, the Town of Cary opened the 48,000 square foot Cary Arts Center at Academy Street and Dry Avenue. On Chatham Street the Town has renovated and expanded a 180 seat movie and performing theater (‘Theater'). Theater expansion includes a three story addition on the east side of the Theater, which consists of three (3) floors of leasable space. As part of the
Downtown Revitalization the Town is replacing the Chatham Street water and sewer lines, installing new storm water line, reconstructing and beautifying the sidewalk. The Town is also in development for a new streetscape on Academy Street as well as a new Downtown Park. The Town desires Property to be used
for a commercial retail and/or office operation that will complement and support Downtown Revitalization.