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  5. ›Bid 25-15 16 Bridge St Redevelopment Project

City of Rochester·New Hampshire

Bid 25-15 16 Bridge St Redevelopment Project

Closes 12/4/2024$150k – $250kRequest for Proposal
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Description

The City of Rochester is seeking proposals to redevelop its 2‑acre, downtown‑located 16 Bridge Street parcel (formerly St. Elizabeth Seton School). The project must deliver a mixed‑use development that includes workforce and affordable housing, with at least 10 % of units set aside as HUD‑restricted affordable units for a minimum of 20 years. An ARPA grant of $750,000 will be applied toward the project, and the city is offering the land at a $950,000 sale price that incorporates the grant. Proposers must provide design concepts, demolition or renovation plans, green space, architectural integration with the downtown commercial zone, a property‑management plan, and a purchase price confirmation. The solicitation also requires accommodation of a River Walk easement and compliance with local zoning and potential incentives (79‑E program). • Deliver a mixed‑use, affordable‑housing‑focused redevelopment that meets HUD rent‑limit criteria and a 20‑year affordability covenant. • Incorporate demolition or adaptive reuse of existing school/rectory structures and create green/recreational open space. • Align design with Downtown Commercial zoning standards, include a River Walk easement, and submit a property‑management and financing plan.

Attached files

Contact

[email protected]

(603) 335-7602

Key dates

Opened
10/29/2024
Questions due
11/28/2024
Site visit
11/7/2024
Closes
12/4/2024

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
BID 25-15

Budget estimate

$150,000 – $250,000

No direct contract value is disclosed, but the project’s financial framework includes a $950,000 sale price and a $750,000 ARPA grant, totaling roughly $1.7 million in project value. Assuming a typical developer or contractor margin of 10‑15 % of construction costs, the expected earnings for the winning firm could range from $150,000 to $250,000. This estimate accounts for design, demolition, construction, and management services, with higher budgets possible if additional grant‑administering or incentive‑related work is required.

AI estimate from the solicitation

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