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  5. ›Moore Square RFI(3)

North Carolina City of Raleigh·North Carolina

Moore Square RFI(3)

Closes 5/15/2026$10M – $50MRequest for Information
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Description

The City of Raleigh is releasing a Request for Interest/Information (RFI) for properties that will be made available for redevelopment on Moore Square. The purpose of the RFI is to gather ideas and feedback to help shape a fair and effective process for selecting development partners. The City is seeking development that brings activity and energy to Moore Square, City Market, and the east side of downtown. Multifamily housing or hospitality uses are expected to be the primary components of any project on these sites. The City is open to receiving ideas and feedback about potential approaches to the East Site, including affordable housing development. Some key points to consider: • The City owns approximately 3.78 acres of land across two blocks • The properties are zoned for up to 20 stories of development • The City is seeking development that adds vibrancy and affordability to the east side of downtown • The City is open to receiving ideas and feedback about potential approaches to the East Site • The City is seeking input on the following questions: separate or unified RFPs for the East and South sites, land assembly, and parking

Attached files

Contact

Thomas Battistel

[email protected]

Key dates

Opened
4/7/2026
Closes
5/15/2026

Last updated

Details

Type
Request for Information
Industry
Real Estate
NAICS
531110
Solicitation №
274-2026-PLNG-MSRFI(3)

Budget estimate

$10,000,000 – $50,000,000

The budget for this opportunity is difficult to estimate, as it is a request for information and not a formal RFP. However, based on the fact that the City is seeking development partners for properties on Moore Square, with a focus on multifamily housing, hospitality, and affordable housing, it is likely that the budget will be in the millions of dollars. The City has commissioned a market and design study from RCLCO and LS3P, which will be shared during the RFP process, and has also proposed a price floor for the land based on two independent appraisals. Factors that may influence the likely payment range include the size and scope of the development project, the experience and qualifications of the development partner, and the terms of the RFP. A rough estimate for the budget could be between $10 million and $50 million, based on the value of the land and the potential for development.

AI estimate from the solicitation

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