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Awarded contract·City of Palm Bay·Florida

Brokerage Services

Won by Dreyer & Associates +2 more$3MMultiple Award
Contract source

Awarded vendors

  • Dreyer & Associates
  • Redevelopment Management Associates, LLC (RMA)
  • Southstar Realty Associates

Description

The City of Palm Bay is seeking proposals from commercial real estate brokerages to market, secure, and sell City and CRA-owned real estate. The selected vendor will be responsible for providing brokerage services to the City and CRA. The contract will involve the sale of surplus properties, including vacant lots and parcels with existing structures. The City Council will consider future land use amendments and rezoning of individual properties to achieve the highest and best classification for maximum sale price and proposed development. • The City of Palm Bay and the Bayfront Community Redevelopment Agency (CRA) are seeking proposals from national, regional, and locally recognized commercial real estate brokerages. • The selected vendor will be responsible for marketing, securing, and selling City and CRA-owned real estate. • The contract will involve the sale of surplus properties, including vacant lots and parcels with existing structures. • The City Council will consider future land use amendments and rezoning of individual properties to achieve the highest and best classification for maximum sale price and proposed development. • The City and CRA will also consider the sale of a single piece of property that accomplishes favorable commercial development when assembled with other adjoining parcels for future development or redevelopment.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531210
Solicitation №
27-0-2020

Contract value

$3,000,000

The value of the contract is not explicitly stated in the document. However, based on the scope of work, which involves the sale of surplus properties, including vacant lots and parcels with existing structures, the value of the contract could be significant. The City of Palm Bay and the Bayfront Community Redevelopment Agency (CRA) are seeking proposals from national, regional, and locally recognized commercial real estate brokerages, which suggests that the contract value could be in the millions of dollars. A rough estimate of the contract value could be between $1 million to $5 million, depending on the number and value of the properties to be sold.

AI estimate from the award documents

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