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TROY, MI-Four commercial real estate companies have been asked to bid on a proposal to create a market viability study for the construction of a 125,000-sf conference center on the city’s Civic Center site at Big Beaver Road and I-75. The city wants a conference center on the site, with a performing arts theater inside, as well as an adjoining hotel and residential development.

The land, across from the city hall, is now vacant. Plans to build a Michigan Youth Theater and an IMAX theater on the property failed this year, after Mayor Matt Pryor, who opposed the project, was elected.

The city is now sending a request for proposals to Hotel Investment Services of Troy, The Spencer Group of Plymouth, Hospitality Advisors of Ann Arbor and Acquest Realty Advisors Inc. of Bloomfield Hills.

The companies are asked to come up with a feasibility study that will include all the current wanted projects on the site, including traffic counts and the local economic impact.

The RFP’s are due back to the city Nov. 15, the night of the city council meeting. According to the city time line, the contract should be awarded by Nov. 21, and the study should be completed by Jan. 25.

The four companies have agreed not to bid on the projects after the study is completed.

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