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City of Vancouver·British Columbia

Development Partnership for Mixed-Use Rental Housing and Social Service Facility Project

Closes 10/14/2026$5M – $15MRequest for Expression of Interest
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Description

The City of Vancouver is seeking a development partner (or consortium) to design, build, finance, operate, and maintain a mixed‑use high‑rise development that provides veteran‑focused affordable rental housing and a ground‑floor social‑service centre. The partnership will be structured as a long‑term ground‑lease (up to 99 years) with the City retaining land ownership. Eligibility requires a non‑profit partner with veteran‑service experience and the development partner must demonstrate recent mixed‑income residential project experience and sufficient financial capacity. Key dates include a posting on 27 July 2026, questions due by 10 September 2026, and the RFEOI response deadline on 22 September 2026. The City will shortlist respondents by early October and issue an RFP in December. • Scope: full design‑build‑finance‑operate‑maintain of a ~17‑storey tower (~143,900 sf) with ~120,620 sf residential (≥ 20 % below‑market units) and a 1,500 sf social‑service facility. • Partnership model: primary private developer plus a non‑profit veteran‑service organization; ground‑lease for the land. • Minimum requirements: recent mixed‑income project ≥ 100 units, audited financial statements, letter of intent with non‑profit partner, and relevant experience in affordable‑housing financing. • Evaluation: 60 % experience, 30 % general requirements, 20 % capacity; mandatory pass/fail on minimum criteria.

Attached files

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

Contact

Philip Lai

[email protected]

Key dates

Opened
7/27/2026
Questions due
9/10/2026
Closes
10/14/2026
Duration
99 years

Last updated

Details

Type
Request for Expression of Interest
Industry
Property Development
NAICS
236220
Solicitation №
PS20261850-REFM-RFEOI

Budget estimate

$5,000,000 – $15,000,000

No contract value is disclosed, but a 17‑storey mixed‑use tower of roughly 144 k sf in Vancouver typically costs between CAD 120‑200 million (≈ USD 100‑165 million) for construction, plus additional financing and operating services. Assuming a fee‑for‑service model of 5‑10 % of total project cost, the developer’s earnings could range from USD 5 million to USD 15 million. Therefore, a reasonable ball‑park estimate for the portion of work the client would be paid is USD 5‑15 million.

AI estimate from the solicitation

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