Government Contract | Texas
STERLING PROPERTY REDEVELOPMENT

Bid Information


Bid Alert No: 00000492756

Bid Title: STERLING PROPERTY REDEVELOPMENT

Agency Bid No. Title: RFP-TCI02192016CH

Received Date: 02/24/2016

Close Date: 03/18/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Special Notices: Pre-Bid Conference Optional 03/04/2016 03:00 PM

Specifications

Specifications include, but are not limited to:In 2010, Council District 2 began a series of Eastside Reinvestment Summits, attended by residents, civic and neighborhood leaders, stakeholders, developers, property and business owners and public sector entities, to strategize on how to accomplish the redevelopment of the Eastside. Several important catalytic projects were identified which would achieve the revitalization of the East Side of the City and the Sterling Property fits within that vision. The City and the Inner City Tax Increment Reinvenstment Zone (hereafter referred to as TIRZ11) Board recognize the importance of their continued role in economic development, community development and planning and urban design, in accordance with the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code. As such, on October 5, 2012, the TIRZ11 Board selected the Sterling Building Redevelopment Project from a list of respondents to a solicitation issued by the TIRZ11 Board and authorized funding for the acquisition and due diligence of the Sterling Property. The City purchased the foreclosed Property on the courthouse steps on March 5, 2013, for the purpose of advertising it for redevelopment. The key objective of this Request for Proposals is to identify a highly qualified, creative developer or development team capable of creating a commercial development at the Sterling Property. The City will review the submittals received and may identify a short list of qualified respondents for further consideration and interviews. If the City selects a successful Respondent, the parties then will negotiate the terms and conditions of sale and/or long-term lease of the Property and all development and financial considerations

Product Code: 90957

Agency Information


Issuing Agency: City of San Antonio

State: Texas

Agency Type: State and Local

Contact: Clayton Hoelscher City Hall, 100 Military Plaza, 2nd Floor, San Antonio, Texas, 78205

Phone: 210-207-8310

Fax: 210-207-1393

Email: clayton.hoelscher@sanantonio.gov

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