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Massachusetts Town of Hopedale·Massachusetts

Disposition of Town-Owned Property for Housing Development Under M.G.L. c. 30B Lot A Mendon Street

Closes 3/18/2026$25M – $60MRequest for Proposal
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Description

The Town of Hopedale is seeking proposals for the purchase and development of a 31.36-acre town-owned property for mixed-income housing, including a minimum of 25% affordable units. The proposed development should align with the Town's long-term municipal goals, including affordability, environmental sustainability, and diversification of the local housing stock. The proposal should include a conceptual site plan, financial information, and experience in mixed-income housing development. • The Town is looking for a development program that advances its housing and land use goals. • The proposed development should include a minimum of 25% deed-restricted affordable units. • The proposal should include a comprehensive plan to design and construct a turf track and athletic field on or adjacent to the site. • The Town will consider proposals more advantageous if they include energy-efficient design and sustainability features. • The proposal should include a submission of all required certifications, including Non-collusion, Tax Compliance, etc.

Attached files

Contact

Mitchell Ruscitti(Town Administrator)

[email protected]

Key dates

Opened
11/24/2025
Pre-bid meeting
1/14/2026
Site visit
1/14/2026
Closes
3/18/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
BD-23-1628-THD01-THD01-123160

Budget estimate

$25,000,000 – $60,000,000

The budget for this opportunity can be estimated based on the land value and the proposed development. The land value can be estimated to be around $5 million to $10 million, and the development cost can be estimated to be around $20 million to $50 million. Therefore, the total budget can be estimated to be around $25 million to $60 million. However, this is a rough estimate and the actual budget may vary depending on various factors, including the proposal details and the negotiation between the Town and the selected developer.

AI estimate from the solicitation

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