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City of Nashua·New Hampshire

Development of Right of Way Located off of the Veterans Memorial Parkway

Closes 9/29/2026$5M – $20MRequest for Proposal
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Description

The City of Nashua is offering a surplus right‑of‑way parcel (approximately 4.0 acres) adjacent to Veterans Memorial Parkway for sale and development. The City seeks a qualified real‑estate developer to purchase the land, re‑zone it, remediate any environmental issues, and deliver a mixed‑use or residential project that maximizes density, tax revenue, and community value, including a multi‑purpose pathway. The developer must conduct due‑diligence, obtain permits, and close the purchase within 60 days of award, then complete the project within 3‑4 years. The RFP includes detailed submission requirements, mandatory “as‑is” purchase, and insurance/financial capacity expectations. • Location: Nashua, NH, near Everett Turnpike and downtown. • Parcel: ~4 acres of former right‑of‑way, currently zoned C Urban Residential (general industrial allowed). • Desired outcomes: mixed‑use or residential development, environmental cleanup, storm‑water mitigation, multi‑purpose path, high tax‑revenue generation. • Submission deadline: 29 Sept 2026 (3 PM). • Pre‑proposal virtual meeting (optional): 17 Sept 2026, 1 PM (Zoom). • Questions due: 21 Sept 2026 (10 AM). • Required documents: cover letter, proposal forms, price proposal (sealed), experience, technical site plan, schedule, financial statements, insurance certificates. • Award: Not specified; developer must execute purchase agreement within 60 days of award.

Attached files

Contact

Amy Girard(Purchasing Manager)

[email protected]

Key dates

Opened
9/4/2026
Questions due
9/21/2026
Pre-bid meeting
9/17/2026
Closes
9/29/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
531390
Solicitation №
RFP0742-092626

Budget estimate

$5,000,000 – $20,000,000

The RFP does not disclose a purchase price or total project budget. Based on comparable suburban development parcels in Nashua, a 4‑acre site near major roadways typically commands a land price between $500,000 and $2 million. Adding development costs (site work, environmental remediation, infrastructure, construction of mixed‑use buildings) and a reasonable developer profit margin suggests total contract values ranging from roughly $5 million for a modest residential build up to $20 million for an intensive mixed‑use, high‑density scheme with extensive amenities and a multi‑purpose pathway. The estimate assumes standard market conditions, typical construction costs in New England, and the City’s expectation of maximizing tax revenue.

AI estimate from the solicitation

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