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  5. ›RFP Purchase/Redevelopment of 2426 South Ave & Princeton Ave

City of Syracuse·New York

RFP Purchase/Redevelopment of 2426 South Ave & Princeton Ave

Closes 5/21/2026$1M – $5MRequest for Proposal
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Description

The City of Syracuse is soliciting proposals from development firms for the purchase and redevelopment of a City-owned site located at 2426 South Ave, Syracuse, NY 13207. The site is approximately 1.63 acres and was previously used as a bar/restaurant. The City is seeking proposals that display a proven ability to provide creative and inclusive land use and development strategies, return the site to the tax roll, and increase the City's tax base. The City also wants to create housing opportunities for Syracuse. Some key points to consider: • The site is zoned R1 Single Use Residential and has a history of non-payment of taxes and late fees. • The City is looking for developers with experience in mixed-use, mixed-income, and affordable projects. • The City has a Comprehensive Plan 2040 and a Land Use and Development Plan (LUP) that guide development in the area. • The City is encouraging respondents to incorporate green building practices and sustainable initiatives into their proposals. • The City has a goal of increasing the use of minority and women-owned business enterprises (MWBEs) and Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) in development projects.

Attached files

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

Contact

Michael Lehmann

[email protected]

(315) 448-8290

Key dates

Opened
4/9/2026
Questions due
4/23/2026
Closes
5/21/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
26-276

Budget estimate

$1,000,000 – $5,000,000

The budget for this opportunity is difficult to estimate, as it depends on various factors such as the proposed purchase price, development costs, and potential revenue streams. However, based on the information provided, it appears that the City of Syracuse is seeking a developer who can provide a creative and inclusive redevelopment plan that meets the City's goals and objectives. A possible estimate for the budget could be in the range of $1 million to $5 million, depending on the scope and complexity of the project. This estimate is based on the assumption that the developer will need to invest significant funds in the redevelopment of the site, including the purchase price, construction costs, and other expenses. However, the actual budget could be higher or lower, depending on various factors such as the developer's experience, the proposed development plan, and the City's negotiation of the contract terms.

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