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  5. ›Oak Hill RFP September 2026

Town of North Kingstown·Rhode Island

Oak Hill RFP September 2026

Closes 11/9/2026$500k – $5MRequest for Proposal
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Description

The Town of North Kingstown is selling the 3.93‑acre Oak Hill Garage parcel (Assessor’s Plat 85, lots 76, 77, 78, 97, 101) and is seeking a qualified developer to submit a “highest and best use” redevelopment concept. The buyer assumes all environmental, utility‑extension, and permitting responsibilities, and must demonstrate financial capacity, experience, and a sustainable plan that aligns with the town’s future high‑density residential zoning. The RFP requires a hard‑copy and electronic submission, a detailed narrative, site plans, financial pro‑forma, and proof of funds. Evaluation will balance concept quality, financial offer, team qualifications, execution ability, and sustainability. • 3.93 acres located at 55 Oak Hill Rd, currently vacant after demolition of a former highway garage. • No public sewer on‑site; buyer must provide wastewater solutions and meet groundwater‑recharge overlay restrictions. • Required deliverables include executive summary, HBU justification, site plan, financial offer, impact data, and extensive affidavits. • Evaluation weights: 30 % approach/HBU, 20 % financial offer, 20 % qualifications, 20 % execution ability, 10 % sustainability. • Deadline for sealed proposals: 2:00 PM, November 9 2026; optional site visit on October 15 2026.

Attached files

Contact

Nicole LaFontaine(Director of Planning & Development)

[email protected]

(401) 268-1571

Key dates

Opened
9/29/2026
Site visit
10/15/2026
Closes
11/9/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531311
Solicitation №
Oak Hill RFP September 2026

Budget estimate

$500,000 – $5,000,000

The RFP does not disclose a fixed fee; the client’s earnings would stem from the development profit margin and any consulting/design services they provide. Assuming a mid‑size developer wins, typical profit on a 4‑acre high‑density residential project in Rhode Island ranges from 10‑20 % of total project cost (estimated $30‑60 M). That yields a profit potential of $3‑12 M. If the client is a consulting firm providing planning/engineering services, fees might be $500 k‑5 M depending on scope. Therefore, a reasonable earnings estimate for the client lies between $500,000 and $5,000,000.

AI estimate from the solicitation

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