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City of Nevada City·California

Community Activation Through Adaptice Reuse of City-Used Properties

Closes 9/30/2026$500k – $2MRequest for ProposalLogin required
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Description

The City of Nevada City is soliciting proposals from businesses, nonprofits, entrepreneurs, and community groups to lease and revitalize two under‑utilized, historic city‑owned properties (424 Broad St. and the Miners Foundry Annex at 325 Spring St.). Selected partners will assume responsibility for tenant improvements, permitting, construction, and ongoing operation, with lease terms up to 15 years and potential rent incentives tied to private investment. Proposals are evaluated on community benefit, financial sustainability, experience, and alignment with historic preservation and downtown vitality goals. Attendance at a mandatory walk‑through on September 16 2026 is required.

Attached files

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

Contact

Bryan McAlister(Bid Contact)

[email protected]

(530) 265-2496

Key dates

Opened
8/31/2026
Questions due
9/21/2026
Pre-bid meeting
9/16/2026Mandatory
Site visit
9/16/2026Mandatory
Closes
9/30/2026
Projected award
11/12/2026
Duration
15 years

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
531190
Solicitation №
26-06

Budget estimate

$500,000 – $2,000,000

The RFP does not disclose a fixed contract value. Revenue will come from a negotiated lease (potentially reduced base rent plus rent escalations) and the lessee’s own business operations. Assuming a modest base rent of $15 / sq ft for the 720 sq ft Broad St. site (≈ $10,800 / yr) and similar rates for the larger Foundry Annex, plus anticipated tenant‑improvement investments of $300‑$800 k, the total financial exposure for a successful proposer could range from roughly $500 k (minimal improvements, low‑rent scenario) to $2 M (extensive build‑out and higher rent).

AI estimate from the solicitation

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