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  5. ›Bid 24-02 Redevelopment of 43,45 & 51 Old Dover Rd

City of Rochester·New Hampshire

Bid 24-02 Redevelopment of 43,45 & 51 Old Dover Rd

Closes 8/9/2023$500k – $2MRequest for Proposal
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Description

The City of Rochester is seeking a developer to transform three city‑owned parcels (43, 45, and 51 Old Dover Road) into a mixed‑use, workforce‑affordable housing community with accompanying green and recreational amenities. The RFP calls for proposals that address unit density, financing, ownership structure, property management, and community‑benefit concepts. Successful bidders will be responsible for land acquisition, demolition, site remediation, design, construction of two multifamily buildings (totaling ~96 units) and a community center, and long‑term management of the affordable‑housing portfolio. • Primary purpose: delivery of workforce‑affordable housing (RSA 674:58) plus open‑space amenities. • Scope includes demolition, environmental remediation, design & construction of two residential buildings and a 2,500 sq ft community center, and ongoing property management. • Financing must be self‑sourced (LIHTC, tax‑exempt bonds, conventional debt, and assorted public‑private gap‑fund sources). • The developer must submit a hard‑copy proposal by 5 p.m. on August 9 2023; no electronic submission portal is provided.

Attached files

Contact

Michael Scala(Economic Development Director)

[email protected]

(603) 335-7522

Key dates

Opened
6/8/2023
Closes
8/9/2023

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
BID 24-02

Budget estimate

$500,000 – $2,000,000

No definitive contract value is disclosed; however, the RHA proposal cites a total development cost of roughly $16 million, and the Catholic Charities proposal indicates a land purchase price of $480 k. Assuming a typical general‑contract margin of 5‑12% on a $16 M project, the contractor’s earnings could range from $800 k to $2 M. If the award focuses only on development services (e.g., design‑build), the budget might be lower, but a construction‑focused award would likely sit within the $500 k‑$2 M band.

AI estimate from the solicitation

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