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  5. ›107 W. Maple St. Redevelopment

City of Farmington·New Mexico

107 W. Maple St. Redevelopment

Closes 10/8/2026$5M – $20MRequest for Proposal
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Description

The City of Farmington, NM is seeking a qualified developer or private entity to partner on a public‑private redevelopment of a 3.2‑acre, mixed‑use city‑owned block at 107 W. Maple St. The effort is structured in two phases: Phase 1 – feasibility, concept refinement, and flood‑plain strategy; Phase 2 – negotiation of a development agreement and execution of construction and long‑term management. The city will provide land‑transfer flexibility, data, incentives, and inter‑departmental support, while the developer must demonstrate experience in mixed‑use, P3 projects, financing, and flood‑plain engineering. • 3.2‑acre urban block rezoned to Mixed‑Use (MU) – residential, townhomes, commercial. • Mandatory pre‑bid conference/site visit on 21 Aug 2026 (non‑mandatory). • Questions due 28 Sep 2026; proposal due 10 Sep 2026 (online only). • Evaluation on experience (30 pts), vision (25 pts), feasibility/flood‑plain (25 pts), financial capacity (20 pts). • Phase 1 deliverables: site layout, market/financial analysis, housing mix, flood‑plain mitigation plan, financing strategy. • Phase 2: negotiation of Disposition & Development Agreement, construction, and property management. • City incentives: flexible land transfer (donation, lease, below‑market sale), data sharing, fee waivers, expedited permitting. • Required qualifications: proven mixed‑use or multifamily development, P3 experience, ability to secure equity/debt, familiarity with New Mexico or Southwest markets preferred.

Attached files

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

Contact

Christina R. Lazenby

(505) 599-1370

Key dates

Opened
8/10/2026
Questions due
9/28/2026
Pre-bid meeting
8/21/2026
Site visit
8/21/2026
Closes
10/8/2026

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
531311
Solicitation №
27-167997 Addendum 1

Budget estimate

$5,000,000 – $20,000,000

The solicitation does not disclose a contract value. Comparable mixed‑use P3 projects on similar-sized urban parcels in the Southwest typically range from $5 million to $20 million in total development cost, depending on the mix of market‑rate and affordable units, commercial space, and required flood‑plain mitigation. Assuming the city’s incentives offset a portion of land cost, the developer’s expected revenue (fees, equity upside, or profit share) would likely fall within this $5‑$20 million band.

AI estimate from the solicitation

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