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  5. ›Oak Hill RFP September 2026

City of North Kingstown·Rhode Island

Oak Hill RFP September 2026

Closes 11/9/2026$2M – $10MRequest for Proposal
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Description

The Town of North Kingstown is seeking proposals for the purchase and redevelopment of the 3.93‑acre Oak Hill property (55 Oak Hill Road). The solicitation invites developers, partnerships, corporations, or other qualified entities to submit a financially viable, highest‑and‑best‑use concept that maximizes long‑term value, aligns with community goals, and complies with zoning, groundwater overlay, flood‑plain, and environmental regulations. Proposals must include an executive summary, narrative, site plan, financial offer, job‑creation estimates, development schedule, team qualifications, proof of financial capacity, and required statutory affidavits. An optional site visit is scheduled for October 15, 2026; proposals are due by November 9, 2026 at 2 PM. The Town will evaluate based on project approach (30%), financial offer (20%), qualifications (20%), ability to execute (20%), and sustainability/regulatory compatibility (10%). No public opening; award will be made after negotiation and council approval. • 3.93 acres of municipally owned land in a high‑density residential zone (HDR) • 55 Oak Hill Rd, North Kingstown, RI 02852 – existing residential‑style structure, municipal water, no sewer • Required approvals: zoning changes, groundwater overlay compliance, flood‑plain permits, environmental remediation (RECs/HRECs) • Optional site visit: 10 AM, 15 Oct 2026, 37 Oak Hill Rd • Submission: 1 original, 3 hard copies, 1 electronic thumb‑drive; mailed/hand‑delivered to Planning Dept c/o Tim McDavitt • Evaluation criteria weighted across use concept, price, experience, execution plan, and sustainability • Deadline: 9 Nov 2026, 2 PM; no public opening; award date not specified

Attached files

Contact

Nicole LaFontaine(Director of Planning and Development)

[email protected]

(401) 268-1571

Key dates

Opened
9/29/2026
Site visit
10/15/2026
Closes
11/9/2026

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
236220
Solicitation №
Oak Hill RFP September 2026

Budget estimate

$2,000,000 – $10,000,000

The RFP does not disclose a purchase price or development budget. Based on comparable suburban development in Rhode Island (≈ $1 M‑$2 M per acre for land plus $150 K‑$250 K per residential unit), a 3.9‑acre site could command a land price of roughly $3‑$5 million. Adding construction costs for a mixed‑use, high‑density residential project (≈ $200‑$250 K per unit for 30‑40 units) could bring total project spend to $8‑$12 million. The developer’s gross profit margin on such projects typically ranges 15‑25 %, suggesting a potential earnings range of $1.2‑$3 million. Therefore, a reasonable budget estimate for the winning bidder is between $2 million (conservative low‑end purchase‑only scenario) and $10 million (full‑scale redevelopment with strong market demand).

AI estimate from the solicitation

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