City of Corona Request for Proposals/Offer to Sell/Lease Surplus Property

The City of Corona is seeking a single qualified developer to acquire and fully develop an approximately eight‑acre downtown parcel consisting of multiple contiguous parcels. The development must deliver a mixed‑use project that includes at least 300 residential units (with a minimum of 25 % affordable housing), ground‑floor retail space, and a hotel‑restaurant complex occupying roughly three acres adjacent to the main commercial corridor. The city requires the developer to submit a written notice of interest within 60 days of the notice (by August 17 2026) and will subsequently conduct a competitive process under California’s Surplus Land Act. Successful bidders will negotiate a sale or lease agreement and assume responsibility for design, financing, construction, and long‑term affordability commitments. • Minimum 300 residential units, ≥ 25 % affordable, with affordability periods of 45‑55 years. • Ground‑floor retail to support downtown revitalization. • Hotel, restaurant and ancillary commercial uses on about three acres adjacent to Sixth Street. • All work must align with the city‑provided conceptual plan and meet traffic, underground utilities, and street‑improvement constraints. • Interest must be emailed to the Economic Development Director (Joel Belding) by August 17 2026; the formal bid deadline is also August 17 2026.