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Virgin Islands Housing Finance Authority·U.S. Virgin Islands

The Residences at 340 North (Phase I) – Prequalification of Contractors for Vertical Residential Construction

Closes 6/14/2026$4.4M – $11MRequest for Qualification
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Description

The Residences at 340 North is a multi-phase residential development consisting of approximately 80 residential units, including townhomes and single-family homes, along with all supporting infrastructure. Phase I of the project includes the construction of approximately twenty-two (22) two-story townhome units, together with all associated infrastructure, utilities, and site improvements necessary to support both the initial phase and future development. • The project is located in Estate St. Joseph and Rosendahl, St. Thomas, U.S. Virgin Islands. • The development will be comprised of tax parcels 4I and 4J REM. • A Mandatory Pre-Proposal Conference and Optional Site Visit will be held on May 29, 2026. • Respondents will be evaluated based on relevant vertical construction experience, technical capability, key personnel, financial capacity, quality control and past performance, and experience with federally funded projects.

Attached files

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

Contact

Lindeon Davis

Key dates

Opened
5/15/2026
Questions due
6/6/2026
Pre-bid meeting
5/29/2026Mandatory
Site visit
5/29/2026
Closes
6/14/2026
Duration
12 months

Last updated

Details

Type
Request for Qualification
Industry
Construction
NAICS
236116
Solicitation №
2026-RFQ-ACDEV-002 Addendum 1

Budget estimate

$4,400,000 – $11,000,000

The budget for this project can be estimated based on the scope of work, which includes the construction of approximately twenty-two (22) two-story townhome units, together with all associated infrastructure, utilities, and site improvements. The total construction cost for a single townhome unit can range from $200,000 to $500,000, depending on the location, materials, and design. Given the number of units and the scope of work, the total construction cost for the project can be estimated to be around $4.4 million to $11 million. However, this is a rough estimate and the actual budget may vary based on various factors, including the contractor's bid, the materials used, and the complexity of the project.

AI estimate from the solicitation

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