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  5. ›RFQu 6870 West Walnut Mixed-Use Development Project

City of Johnson City·Tennessee

RFQu 6870 West Walnut Mixed-Use Development Project

Closes 12/2/2025$500k – $3MRequest for Qualification
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Description

The City of Johnson City is seeking qualified developers to lead a public‑private partnership for the 420 West Walnut Street mixed‑use redevelopment. The developer will be responsible for the full delivery lifecycle—conceptual design, detailed design, permitting, financing, construction, and eventual transfer of ownership/control to the City. The project site is a 1.26‑acre, city‑owned parcel slated to become a vibrant mixed‑use hub linking ETSU with downtown, featuring ground‑level retail, structured parking, and upper‑level multifamily residences. The solicitation is a pre‑qualification (RFQ) phase; only qualifications, experience, and financial capacity are required at this stage, with a later RFP (Part II) to request detailed proposals, budgets, and schedules. • Public‑private partnership: developer finances, designs, builds, and ultimately owns the completed project (subject to City approval). • Required qualifications include experience on similar mixed‑use, public‑sector projects, demonstrated financing capability, and insurance/indemnification compliance. • Submission deadline = December 2 2025 2:00 PM EST; questions due = October 28 2025. No pre‑bid meeting or site visit is listed.

Attached files

Contact

Alicia Summers(Assistant City Manager)

[email protected]

Key dates

Opened
10/3/2025
Questions due
10/28/2025
Pre-bid meeting
12/2/2025
Closes
12/2/2025

Last updated

Details

Type
Request for Qualification
Industry
Property Development
NAICS
236220
Solicitation №
RFQu 6870

Budget estimate

$500,000 – $3,000,000

No explicit budget is disclosed; however, mixed‑use developments of this scale (≈ 1.26 acres, multiple residential units, retail, and parking) typically involve total project costs ranging from $30 million to $80 million. A developer’s fee for a public‑private partnership of this nature generally falls between 1‑3 % of total construction cost, plus possible profit on financing. Assuming a mid‑range $50 million project, the developer could earn roughly $500,000 – $1.5 million in fees, with additional upside from ownership of the completed asset. Therefore, a reasonable expected budget for the qualification‑to‑award phase is estimated between $500 k and $3 M, depending on final project scope, financing structure, and profit participation.

AI estimate from the solicitation

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