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Oregon Clackamas County·Oregon

REQUEST FOR EXPRESSIONS OF INTEREST for Real Estate Acquisition for Development Concepts

Closes 3/24/2025$1M – $10MRequest for Expression of Interest
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Description

Clackamas County is seeking expressions of interest for the redevelopment of the Main Street Courthouse in Oregon City. The 0.94-acre site is zoned Mixed-Use Downtown and offers a range of possibilities for redevelopment, including mixed-use development, multi-family housing, retail, and commercial spaces. The County is looking for creative and innovative concepts that will contribute to the economic vitality of the downtown area. Proposers should consider preserving the historical significance of the building and its environs, as well as the existing open space known as Liberty Plaza. • The site is located in the heart of downtown Oregon City, with a vibrant mix of small-scale shops, restaurants, and cultural amenities. • The building is an Art Deco style building with Egyptian Revival overtones, constructed of reinforced concrete with a masonry façade and decorative elements. • The County is open to a broad range of proposals and encourages creative and innovative concepts. • Proposers should consult with the City of Oregon City on zoning and development standards questions. • The County will enter into exclusive negotiations with the selected respondent(s) to negotiate the terms of the transaction.

Attached files

Contact

[email protected]

Key dates

Opened
1/21/2025
Closes
3/24/2025

Last updated

Details

Type
Request for Expression of Interest
Industry
Real Estate
NAICS
531110
Solicitation №
S-C01010-00012612

Budget estimate

$1,000,000 – $10,000,000

The budget for this opportunity is difficult to estimate, as it depends on the specifics of the proposal and the negotiations between the County and the selected respondent. However, the value of the property and the potential for redevelopment suggest that the budget could be substantial. The County is looking for a proposal that will contribute to the economic vitality of the downtown area, so the budget may be tied to the success of the redevelopment project. Factors that may influence the likely payment range include the cost of acquiring and redeveloping the property, the potential for revenue generation through leasing or sales, and the level of investment required to bring the project to fruition. A rough estimate for the budget could be in the range of $1 million to $10 million, depending on the scope and complexity of the project.

AI estimate from the solicitation

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