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  5. ›South Benson Marina Waterfront Ground Lease

Connecticut Town of Fairfield·Connecticut

South Benson Marina Waterfront Ground Lease

Closes in 4 days$500k – $5MRequest for Proposal
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Description

The Town of Fairfield, on behalf of its Parks and Recreation Commission, is soliciting proposals from investors or developers for a long‑term ground lease of municipal waterfront property. The lease is intended to support a mixed‑use waterfront development anchored by a restaurant, with the goal of creating an economically vibrant waterfront district. Interested parties will submit detailed development plans, financial proposals, and lease terms for evaluation. • Location: South Benson Marina area, Fairfield, Connecticut • Scope: Long‑term ground lease, site planning, design, financing, construction, and operation of a waterfront restaurant and associated amenities • Deliverables: Development concept, financial model, lease agreement terms, construction schedule, and operational plan • Evaluation criteria: Financial strength, development experience, community impact, and alignment with town’s waterfront revitalization goals • Bid submission deadline: Approx. 28 Oct 2026 (as indicated by the collaboration end date)

Attached files

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

Contact

Adam Tulin

[email protected]

(203) 256-3060

Key dates

Opened
10/5/2026
Closes
11/5/2026

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
531312
Solicitation №
2027-17

Budget estimate

$500,000 – $5,000,000

The RFP does not disclose a specific budget. Ground‑lease projects of this nature typically involve multi‑million‑dollar investments, with lease payments and development fees ranging from a few hundred thousand dollars up to several million dollars over the lease term. Assuming a 20‑year lease with moderate rent and development costs, the expected revenue for the winning developer could be roughly $0.5 M to $5 M, depending on financing structure, rent escalations, and the eventual success of the restaurant operation.

AI estimate from the solicitation

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