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  5. ›Redevelopment of the Town Center Site

City of Cincinnati·Ohio

Redevelopment of the Town Center Site

Closes 3/31/2023$5M – $15MRequest for Proposal
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Description

The City of Cincinnati is soliciting proposals to acquire, activate, and redevelop the 147,000‑sq‑ft “Town Center” site located at 1251 Central Avenue in the West End. The project seeks a mixed‑use, market‑driven development that preserves existing parking capacity, integrates with surrounding streetscapes, aligns with Plan Cincinnati, and minimizes direct city funding, relying on private financing, tax‑increment financing, and land transfer. Offerors must present a financing plan, vision, and experience, and meet substantial small‑business participation and construction‑workforce diversity goals. • Acquire the City‑owned parcel and deliver a mixed‑use urban redevelopment (commercial, residential, institutional). • Preserve or replace ~750 parking spaces, including a licensed garage agreement and game‑day parking provisions. • Provide a comprehensive financing plan (no direct city cash; leverage TIF, CRA, etc.) and meet SBE/MBE participation targets (30% construction, 15% supplies/services). • Comply with extensive “Additional Requirements” (ADA, EV charging, prevailing‑wage, workforce diversity, insurance, debarment, reporting).

Attached files

Contact

Chanté Randolph(Buyer)

chante.randolph@cincinnati‑oh.gov

Key dates

Opened
9/14/2022
Questions due
12/9/2022
Pre-bid meeting
10/27/2022
Closes
3/31/2023
Projected award
7/1/2023
Duration
20 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP894CEDTOWNCENTER

Budget estimate

$5,000,000 – $15,000,000

No total contract value is disclosed, but a redevelopment of ~147,000 sq ft in an urban core typically ranges from $5 million to $15 million for design‑build, financing, and related services. The estimate accounts for construction costs, site preparation, parking upgrades, and professional services, while considering the city’s intent to minimize direct cash outlay and rely on private financing and TIF incentives.

AI estimate from the solicitation

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