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  5. ›RFP 26-07 DOWNTOWN REDEVELOPMENT 161 SOUTH MAIN ST

City of Rochester·New Hampshire

RFP 26-07 DOWNTOWN REDEVELOPMENT 161 SOUTH MAIN ST

Closes 2/4/2026$4M – $8MRequest for Proposal
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Description

The City of Rochester seeks a single developer (or development team) to acquire six contiguous parcels totaling 6.61 acres at 161 South Main Street and deliver a mixed‑use, primarily new‑construction project that meets downtown design standards and optional affordable‑housing goals. The scope requires a full development concept, financial plan, design objectives (sustainability, reduced parking, streetscape, green space), and proof of developer capacity. The city will consider “reasonable offers” for the land price and may provide opportunity‑zone and revitalization‑zone incentives. • Acquire all six parcels as a single transaction (approximately 6.61 acres). • Submit a comprehensive mixed‑use development proposal (residential units, commercial space, amenities, sustainability features). • Provide detailed team qualifications, financial capacity, and compliance with zoning/subdivision requirements. • Hard‑copy submission of five copies by 5 pm on Feb 4 2026; site walk‑through on Dec 4 2025 (optional but encouraged).

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

[email protected]

(603) 509‑1908

Key dates

Opened
10/30/2025
Site visit
12/4/2025
Closes
2/4/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP 26-07

Budget estimate

$4,000,000 – $8,000,000

Because the RFP does not disclose a contract value, a reasonable estimate can be derived from typical costs for a 6.6‑acre mixed‑use downtown project in a small New England city. Assuming land acquisition in the $3‑5 million range (the city has already invested $3.3 million) and construction costs of $150‑200 per sq ft for a ~300,000 sq ft program, total development spend could range from $45 million to $65 million. A developer’s profit margin on such projects commonly falls between 8‑12 %, yielding an earnings range of roughly $4 million to $8 million. Hence the budget estimate for the successful bidder (as developer) is approximately $4‑8 million.

AI estimate from the solicitation

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