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  5. ›REAL ESTATE LISTING AGREEMENT RIVERGATE PALM DISTRICT…

City of New Port Richey·Florida

REAL ESTATE LISTING AGREEMENT RIVERGATE PALM DISTRICT PROPERTIES

Closes 11/10/2025$5M – $20MRequest for Proposal
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Description

The City of New Port Richey's Community Redevelopment Agency is seeking a professional real estate brokerage team to market for purchase approximately 5.73 acres of CRA-owned property. The objective is to find a highly qualified developer to purchase and implement a desired and approved project. The City has secured grant funding totaling $800,000 towards construction of an inundation pond that could be contributed to the project. The City envisions a 5-story residential community, but remains open to variations on this concept. Key responsibilities may include: • Marketing the property for sale • Identifying potential developers • Negotiating the sale of the property • Ensuring the project is completed in accordance with the City's vision and goals • Coordinating with the City and other stakeholders to ensure a successful project

Attached files

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

Contact

Dave Gammon(Economic Development Director)

[email protected]

Key dates

Opened
9/24/2025
Questions due
10/13/2025
Closes
11/10/2025

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
RFP-26-001-0-2026/WK

Budget estimate

$5,000,000 – $20,000,000

The budget for this project is difficult to estimate, as it depends on the sale price of the property and the terms of the development agreement. However, considering the City has secured $800,000 in grant funding for the project, the total budget could be in the range of $5 million to $20 million, assuming a moderate to high-value development project. Factors that may influence the budget include the sale price of the property, the cost of construction, and the terms of the development agreement.

AI estimate from the solicitation

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