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City of Riverside·California

Commercial Development Opportunity

Closes 10/29/2025$50M – $200MRequest for Proposal
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Description

The City of Riverside is seeking a dynamic partner to collaborate on a transformative development project in the heart of downtown Riverside. This project aims to construct a state-of-the-art parking structure integrated with vibrant commercial, retail, and entertainment spaces. The selected team will provide comprehensive Design-Build services, managing everything from construction to the operation of retail and commercial entertainment venues. Key goals include addressing current and future parking needs, allowing continued growth, expanding commercial opportunities, and creating an inviting amenity for the city. • The project should include a state-of-the-art parking garage with up to 1,100 parking spaces. • The project should include vibrant retail, commercial, art, or entertainment spaces on the ground floor. • The project should include rooftop amenities and uses. • The project should be designed to elevate the city's skyline and future vision. • The project should be a catalyst for revitalization, blending cutting-edge design, art, lighting, and creative elements. • The selected team will provide comprehensive Design-Build services. • The project should be completed within a proposed timeline and budget.

Attached files

Contact

Luz Granados(RFP Facilitator)

[email protected]

Key dates

Opened
9/15/2025
Questions due
9/23/2025
Closes
10/29/2025
Projected award
11/7/2025

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
237210
Solicitation №
RFP 2507

Budget estimate

$50,000,000 – $200,000,000

Based on the project description, the budget for this project could be substantial, given the scope and complexity of the development. The city is looking for a comprehensive Design-Build services provider to manage everything from construction to operation, which suggests a high-value contract. The project's budget is not explicitly stated, but considering the city's goals and the project's components, a rough estimate could be in the range of $50 million to $200 million, depending on the final design, materials, and construction costs. Factors influencing the likely payment range include the project's size, the number of parking spaces, the amount of commercial and retail space, and the level of innovation and design required.

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