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Town of Narragansett·Rhode Island

Affordable Housing Development of Town Property - Boston Neck Road

Closes 7/6/2026$20M – $50MRequest for Proposal
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Description

The Town of Narragansett is seeking proposals for the development of affordable housing on town-owned property located on Boston Neck Road. The property consists of two abutting parcels of vacant land, totaling approximately 2.61 acres. The town seeks to develop a number of affordable housing residential units with off-street parking, which can be either year-round rentals or provide homeownership opportunities. Proposals must meet the development objectives and design guidelines set forth in the RFP, which include providing a high percentage of dwelling units for families and ensuring consistency with surrounding existing development. The town also encourages the use of green building strategies and sustainable materials. • The property has access to public water and public sewers. • The development will be subject to a use restriction as residential property. • Respondents must conduct their own title examination and boundary surveys. • The town reserves the right to reject any and all proposals. • The project will be awarded based on the proposal that best addresses the town's needs.

Attached files

Contact

Susan W. Gallagher(Purchasing Manager)

[email protected]

(401) 782-0644

Key dates

Opened
6/4/2026
Questions due
6/29/2026
Closes
7/6/2026

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
236116
Solicitation №
B26020

Budget estimate

$20,000,000 – $50,000,000

The budget for this project is difficult to estimate without more information on the scope and scale of the development. However, based on the fact that the project involves the development of affordable housing on a 2.61-acre property, it is likely that the budget will be in the millions of dollars. The cost of construction, land acquisition, and other development expenses will likely be significant. A rough estimate for the construction cost of a residential development project could be around $200 to $500 per square foot, depending on the location, materials, and amenities. Assuming an average cost of $300 per square foot and a total building area of 50,000 to 100,000 square feet (which is a rough estimate for a development of this size), the total construction cost could be around $15 million to $30 million. Adding other development expenses, such as land acquisition, permitting, and financing costs, the total budget for the project could be in the range of $20 million to $50 million.

AI estimate from the solicitation

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