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  5. ›RFQ # 98-26 Joint Development Opportunity Lynn Garage

Massachusetts Bay Transportation Authority·Massachusetts

RFQ # 98-26 Joint Development Opportunity Lynn Garage

Closes 12/16/2026$2M – $5MRequest for Qualification
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Description

The Massachusetts Bay Transportation Authority is seeking qualified private partners to jointly develop the former Lynn Garage site – a 3.6‑acre, 948‑space parking structure adjacent to the future Lynn commuter‑rail station. The selected partner will be responsible for planning, financing, designing, constructing, owning, and operating a mixed‑use, transit‑oriented development that retains approximately 100 MBTA parking spaces, preserves an existing busway, and delivers ground‑floor commercial activation plus residential units (including a 10 % affordable‑housing component). This is a two‑stage procurement; Stage 1 requires only a Statement of Qualifications (SOQ) demonstrating experience, financial capacity, and relevant certifications. Qualified respondents will be shortlisted for a full RFP (Stage 2) where detailed design, schedule, and budget proposals will be required.

Attached files

Contact

Shahzad Akbar(Purchaser)

[email protected]

Key dates

Opened
10/22/2026
Questions due
11/23/2026
Pre-bid meeting
11/2/2026
Closes
12/16/2026

Last updated

Details

Type
Request for Qualification
Industry
Property Development
NAICS
236220
Solicitation №
BD-27-1206-40000-40000-134741

Budget estimate

$2,000,000 – $5,000,000

No contract value is disclosed. Comparable TOD projects of similar scale (≈150,000 sq ft) typically have total development costs in the $150‑$200 million range. A private developer’s profit margin (10‑15 %) would translate to $15‑$30 million. Assuming the client is engaged as a lead consultant or development manager, a reasonable fee could be 5‑10 % of the developer’s profit, yielding an estimated budget of roughly $2 million to $5 million. Factors influencing the range include the scope of services (e.g., full‑service development management vs. limited consulting), financing structure, and the ultimate size of the residential/commercial mix.

AI estimate from the solicitation

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