1st & Main Mixed-Use Development Project - RFQ
Title:  

1st & Main Mixed-Use Development Project - RFQ

Agency:  

City of Chico

State:  

California

NAICS Code:  

531110

Industry:  

Real Estate

Solicitation Type:  

Request for Qualification

Open Date:  

3/25/2025

Questions Due Date:  

7/31/2025

Close Date:  

12/19/2025

Last Updated:  

6/16/2025

Description:
The City of Chico is requesting Statements of Qualifications (SOQs) and conceptual proposals from interested and qualified developers or development teams to partner with the City for the potential revitalization and development of 1st & Main, a 2.44-acre mixed-use development in the heart of Downtown Chico, CA. The project will include a mixed-use development, parking, and areas for outdoor engagement. The City is looking for a developer with experience in public-private partnerships, vertical development, quality design, integration into existing community fabric, and mixed-use development. The selection process will involve three steps: review and scoring of SOQs, developer selection, and exclusive negotiation agreement. • The project site is located in Downtown Chico, adjacent to Big Chico Creek and Bidwell Park. • The City is looking for a developer who can provide a high-quality development that is financially feasible. • The project will include a mixed-use development, parking, and areas for outdoor engagement. • The City is interested in unique development ideas and land uses, such as a mixed-use development of housing, retail, and restaurant opportunities. • The project will serve as a gateway to Downtown Chico and will provide opportunities for arts and culture.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Jennifer Macarthy(Deputy City Manager)

jennifer.macarthy@chicoca.gov

(530) 896-7200

Budget Estimate (AI):

$50,000,000 – $200,000,000

The budget for this project is estimated to be in the range of $50 million to $200 million, considering the size of the project and the complexity of the development. The City is looking for a developer who can provide a high-quality development that is financially feasible, and the budget will depend on the final agreement reached between the City and the developer. The factors that may influence the likely payment range include the cost of land acquisition, construction costs, financing costs, and the potential revenue generated by the project.

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