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  5. ›RFP/Q - Downtown Development Opportunity at 625 and 637…

City of Santa Rosa·California

RFP/Q - Downtown Development Opportunity at 625 and 637 3rd Street

Closes 6/29/2026$2M – $10MRequest for Proposal
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Description

The City of Santa Rosa is seeking a qualified developer to purchase or lease a 0.66‑acre downtown site (currently a three‑story municipal garage) and deliver a mixed‑use redevelopment that may include residential units, retail, office, and other community‑oriented uses. The scope calls for the applicant to submit a development vision, financial capacity, and a pro‑forma, after which the City will negotiate a Disposition and Development Agreement. The project must satisfy affordable‑housing requirements (minimum 15 % of units if ≥10 units are built) and replace approximately 75 public parking spaces, with the option to propose alternative mobility solutions. An Infill Infrastructure Grant of up to $9.53 M is available for residential‑inclined proposals. • Sale or lease of the existing garage site and delivery of a transformative mixed‑use development. • Mandatory inclusion of ≥15 % affordable housing when 10+ units are built, and replacement of ~75 parking spaces. • Potential public‑grant funding of up to $9.53 M (IIG‑C) for residential components; developer must provide purchase/lease terms and a full development pro‑forma.

Attached files

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

Contact

Jill Scott(Real Estate Services)

[email protected]

(707) 543-4246

Key dates

Opened
3/30/2026
Questions due
5/18/2026
Closes
6/29/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531310
Solicitation №
140320

Budget estimate

$2,000,000 – $10,000,000

No explicit fee or contract amount is disclosed. However, typical developer profit margins for mixed‑use projects of this size (≈0.66 acre, demolition of a 3‑story garage, and construction of a 5‑6‑story mixed‑use building) range from 10 % to 20 % of total development costs. Assuming total construction and soft‑costs between $25 M and $50 M (based on local construction rates and the grant offset), the developer’s earnings could fall roughly between $2.5 M and $10 M. If the client’s role is limited to architectural/consulting services, fees might be 5 %–8 % of construction cost, yielding $1.3 M–$4 M. Accordingly, a reasonable overall budget range is $2 M to $10 M.

AI estimate from the solicitation

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