The Broughton Municipal Building (BMB) is located at 132 E. Broughton Street at the northwest corner of Broughton Street and Abercorn Street. This property is strategically positioned within the urban central business district of the City of Savannah at the prime intersection of two highly traveled downtown roadways. The underlying site enjoys 60.5 feet of frontage along Broughton Street and 90 feet of frontage along Abercorn Street. The property also enjoys frontage along East Congress Lane, a service access lane located along the northerly property line. The intersection of Broughton Street and Abercorn Street is signalized. The property is currently zoned B-C-1 within the “Downtown” future land use district.

The building was constructed in the 1950s and offers a unique mid-century modern architectural style. It was designed by Levy and Kiley as a bank building for the First Federal Savings Bank. The City acquired the property in 1991 for use as administrative offices. The building contains six floors and a gross floor area of approximately 37,600 square feet.

If declared surplus and available for sale, staff will prepare and issue a request for proposals (RFP) soliciting a buyer for the property. The property is a prime redevelopment opportunity located along the very desirable Broughton Street and Abercorn Street corridors in the Savannah Landmark District. Proposals will be evaluated by an interdisciplinary committee of staff, and a recommendation of the highest responsible bidder will be made to City Council for award.

The assessed market value of the property as of January 2, 2017, as established by the Chatham County Board of Assessors, is $7.156 million. Staff will procure a current appraisal of the market value of the property to assist in evaluating proposals received.

Approval