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  5. ›Redevelopment of 1626-28 Pleasant Street

City of Cincinnati·Ohio

Redevelopment of 1626-28 Pleasant Street

Closes 1/4/2022$2M – $8MRequest for Proposal
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Description

The City of Cincinnati is seeking a qualified developer to purchase and redevelop the two‑parcel site at 1626‑28 Pleasant Street, a vacant, historic‑district property in the Over‑the‑Rhine neighborhood. The solicitation requires a comprehensive project vision, financing plan, and economic‑inclusion strategy, with an emphasis on mixed‑income or affordable housing and compliance with historic‑district design guidelines. The City will not provide funding; the Offeror must secure its own financing and may pursue applicable incentives. Evaluation is based on capacity, vision, financing, and inclusion criteria. • Site: ~3,400 sf, two parcels, RM 1.2 zoning, historic‑district requirements. • Required deliverables: project vision (1‑page narrative & site goals), financing plan, SBE/WBE/MBE inclusion plan, corporate information, signed proposal. • Evaluation: 100‑point rubric (capacity 20 pts, vision 30 pts, financing 30 pts, inclusion 10 pts, other advantages 10 pts). • Mandatory compliance: construction‑workforce goals, prevailing‑wage, SBE participation, ADA, lead‑paint, Ohio‑Means‑Jobs, etc.

Attached files

Contact

Chante Randolph(Buyer)

[email protected]

Key dates

Opened
11/1/2021
Questions due
11/19/2021
Closes
1/4/2022
Projected award
12/1/2021

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531110
Solicitation №
RFP885CEDPLEASANT

Budget estimate

$2,000,000 – $8,000,000

No contract value is disclosed. Based on the size (≈ 3,400 sf) and typical redevelopment costs for mixed‑income housing in Cincinnati, a realistic project budget could range from $2 million to $8 million, covering land purchase, design, construction, and soft costs. The developer’s earnings (profit) might therefore fall within the low‑end (≈ 10 % of cost) to high‑end (≈ 20 % of cost) of that range.

AI estimate from the solicitation

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