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Town of Vinton·Virginia

Downtown Mixed Use Development Opportunity

Closes 11/20/2026$5M – $10MRequest for Proposal
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Description

The Town of Vinton is seeking proposals to develop the 101 E. Lee Ave. parcel (approximately 0.18 acre) into either a boutique hotel or a mixed‑use commercial‑residential project. The site is shovel‑ready, located at the corner of Pollard Street in the heart of downtown Vinton, and the town desires a development that aligns with its Comprehensive Plan, potentially featuring amenities such as an outdoor patio, green space, or rooftop experience. This opportunity is open to developers who can deliver design, financing, and construction services for a project that adds vibrancy to the downtown area. • Location: 101 E. Lee Ave., Town of Vinton, VA (Tax Map Parcel #060.16‑02‑16). • Scope: Design and construction of a boutique hotel or mixed‑use building with first‑floor commercial space and upper‑floor residential units. • Desired amenities: Outdoor patio/green space, rooftop experience, and other attractions to serve residents and visitors. • Timeline: Proposals must be submitted by 20 Nov 2026; the town expects a timely award to commence development.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Tiffany Stewart

Key dates

Opened
10/8/2026
Closes
11/20/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP-129697

Budget estimate

$5,000,000 – $10,000,000

Based on the size of the parcel (0.18 acre) and the ambition to build a boutique hotel or mixed‑use development, construction costs in Virginia typically range from $150–$250 per sq ft. Assuming a modest 15,000 sq ft building, total construction spend could fall between $2.3 M and $3.8 M. Adding design, permitting, and developer fees, the overall contract value is likely in the $5 M–$10 M range. This estimate assumes full‑service delivery (design‑build) and does not account for potential financing incentives or phased development.

AI estimate from the solicitation

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