Lease or Sale of Main Street Parking Garage Retail Space

The City of Georgetown is soliciting sealed proposals from qualified developers to enter into a long‑term ground lease, sale, or other contractual arrangement for approximately 16,000 sq ft of retail space that will wrap the north and west sides of a new four‑level, 450‑space parking garage at 911 Main St. The selected partner must deliver a high‑quality, mixed‑use retail concept that aligns with the Downtown Master Plan, supports economic revitalization, and becomes operational within 24 months of receiving the shell space. • 16,000 sq ft of prime downtown retail frontage adjacent to a new parking structure • Options: long‑term ground lease, outright sale, or alternative ownership structures • Must develop a creative, pedestrian‑oriented retail/dining/entertainment mix that complements existing businesses • Project must be completed and open within 24 months after shell turnover • Required deliverables include a detailed business plan, design concept, financing strategy, and evidence of financial capacity • Pre‑proposal site visit (non‑mandatory) on 15 Oct 2026; questions due 5 Nov 2026; proposals due 12 Nov 2026; award expected Jan 2027 • Evaluation criteria emphasize alignment with the Downtown TIRZ goals, design quality, financial sustainability, and community benefits.