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  5. ›218 N. Washington Redevelopment

City of Albany·Georgia

218 N. Washington Redevelopment

Closes 10/13/2026$500k – $2MRequest for Proposal
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Description

The City of Albany is seeking a developer to purchase the historic “Water, Gas & Light” building at 218 N. Washington Street and redevelop it for mixed‑use or commercial purposes. The developer must acquire the property “as‑is,” perform full interior remediation, structural stabilization, modernize building systems, and preserve the historic brick façade without coating. A detailed redevelopment concept, financial capacity, and a project schedule are required, along with numerous certifications and insurance. The aim is to align the project with the Downtown Albany Master Plan and stimulate downtown revitalization. • Purchase and “as‑is” acquisition of a 5,100 sf historic building • Required interior overhaul, structural work, and HVAC/MEP upgrades • Historic masonry preservation (clean, repair, stabilize; no coating) • Submission of a redevelopment concept, financing proof, timeline, and all required certifications by Oct 13 2026

Attached files

Contact

Ricky Gladney(Buyer)

[email protected]

(229) 302-1455

Key dates

Opened
9/11/2026
Questions due
10/6/2026
Pre-bid meeting
9/21/2026
Closes
10/13/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP 27-021

Budget estimate

$500,000 – $2,000,000

No contract value is disclosed. Based on a 5,100 sf historic building requiring full interior demolition, structural repairs, modern MEP upgrades, and historic‑façade preservation, typical redevelopment costs in Georgia range from $100‑$200 per square foot. That suggests a construction budget of roughly $500,000‑$1,000,000. Adding developer profit and potential public‑aid contributions could push the total value to $500,000‑$2,000,000. Therefore a reasonable earnings estimate for the contractor (construction‑focused portion) would be in the low‑mid‑six‑figure range up to low‑seven‑figure range.

AI estimate from the solicitation

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