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  5. ›Redevelopment of 5103 Kenwood Rd.

City of Cincinnati·Ohio

Redevelopment of 5103 Kenwood Rd.

Closes 5/6/2025$100k – $300kRequest for Proposal
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Description

The City of Cincinnati is seeking a qualified developer or developer‑team to redevelop a vacant 0.211‑acre parcel at 5103 Kenwood Road in the Madisonville neighborhood. The site is “as‑is,” with no existing structures or water service, and is zoned T3N for primarily residential use with ancillary neighborhood‑supporting uses. Offerors must submit a comprehensive vision, financial plan, and community‑engagement strategy, and must include at least one SBE/M/WBE partner. The City may award a preferred‑developer agreement, sale, lease, or other development agreement, and will require a post‑award Community Engagement Meeting. • Scope: Conceptual design, financing plan, and execution strategy for residential (and ancillary) development on a vacant lot. • Key Requirements: Demonstrated development experience, financial capacity, SBE/M/WBE participation, compliance with prevailing‑wage and sustainability guidelines, and a community‑engagement plan. • Evaluation: 40 pts vision/site goals, 30 pts experience, 20 pts financial plan, 5 pts economic inclusion, 5 pts other advantages.

Attached files

Contact

Shannon Brower(Buyer)

[email protected]

Key dates

Opened
1/14/2024
Questions due
1/27/2025
Closes
5/6/2025
Projected award
4/1/2025
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
255X901041

Budget estimate

$100,000 – $300,000

The solicitation does not disclose a contract value; the only monetary figure is the land’s fair‑market value of $110,000. Assuming a typical mixed‑use residential redevelopment of this size (≈ 8,500 sq ft of buildable area), total development costs in Cincinnati range from $1.2 M to $2.0 M. Developers usually target a profit margin of 8‑15 % on such projects, suggesting a potential earnings window of roughly $100,000–$300,000 for the successful offeror (excluding any future sales or lease revenues). Factors influencing the range include financing structure, incentive utilization (CDBG, tax abatements), and the chosen development type (sale vs. lease).

AI estimate from the solicitation

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