Description
The City of Albany is seeking a qualified developer to purchase and adaptively reuse the city‑owned 132‑136 Pine Avenue property (≈14,700 sf, 0.34 ac). The selected buyer/developer will acquire the building “as‑is,” conduct full due‑diligence (structural, environmental, legal), obtain financing, secure permits, and deliver a mixed‑use, pedestrian‑oriented development (e.g., food & beverage, creative office, experiential retail, or mixed‑use lodging) that aligns with historic‑district guidelines and downtown revitalization goals. The contract includes strict milestones: agreement execution within 90 days of award, due‑diligence/design approval within 120 days, financing/permitting within 180 days, construction start ≤12 months, substantial completion ≤24 months, and final commercial opening thereafter. The City will evaluate proposals on concept quality, financial capacity, experience, acquisition terms, schedule, economic impact, and financial offer validation. An optional pre‑proposal conference (virtual) is scheduled for Sep 23, 2026.