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City of Cleveland·Ohio

Ward 7 Scattered Land Bank Parcel Redevelopment

Closes in 5 days$20M – $30MRequest for Proposal
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Description

The City of Cleveland’s Land Bank is offering 166 scattered parcels in Ward 7 (totaling over 13 acres) for residential infill development. Applicants must submit a development proposal and a sealed bid to purchase the selected parcels at fair‑market value. The RFP emphasizes multi‑family and single‑family housing, community‑garden or greenspace uses, and mandatory participation of minority‑owned businesses and local hiring. The City will award contracts by November 30, 2026 and may add successful firms to a Qualified Developer List for future projects. • 166 parcels across Detroit Shoreway, Ohio City, Tremont, Stockyards, Clark‑Fulton, and Cuyahoga Valley • Median parcel size ~3,023 sq ft; total land >13 acres • Targeted for multi‑family (2/3+ unit) and single‑family housing, with optional community‑garden components • Bids must be sealed and submitted electronically via OpenGov by 5 pm on November 6, 2026 • Evaluation based on technical merit (40 %), financial qualifications (20 %), and bid price (30 %) plus other criteria • Mandatory requirements: purchase at fair‑market value, documented MBE/FSB/CSB participation, Cleveland resident hiring, and community‑benefits agreements where triggered • Incentives: property‑tax abatement, financing options through the Cleveland Housing Investment Fund (CHIF)

Attached files

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

Contact

Caitlin Larkin

[email protected]

(216) 664-7326

Key dates

Opened
10/7/2026
Closes
11/6/2026
Projected award
11/30/2026

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
236118
Solicitation №
2026-GEN-1

Budget estimate

$20,000,000 – $30,000,000

The 166 parcels total roughly 13 acres with a median size of 3,023 sq ft. Assuming an average fair‑market value of $150,000 per parcel (a conservative estimate for Cleveland land), the total land acquisition cost would be about $25 million. Adding typical development costs (design, permitting, construction, incentives) could raise the overall project value to $20‑30 million in potential revenue for a qualified developer. Therefore, a reasonable budget range for a successful bidder is estimated between $20 million and $30 million. Factors influencing the final amount include the number of parcels purchased, the mix of single‑ vs multifamily units, the extent of community‑benefit agreements, and the availability of tax abatements or CHIF financing.

AI estimate from the solicitation

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