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City of Fayetteville·Arkansas

Property Sale/Lease & Development

Closes 11/18/2025$5M – $20MRequest for Proposal
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Description

The City of Fayetteville is seeking proposals from qualified firms and/or development teams for the purchase or lease, and development of four different parcels of land owned by the City of Fayetteville. The developments shall provide long-term attainable or workforce housing. The city is looking for separate proposals for each of the four parcels: East Gate Plaza, South Fayetteville Field Site, Church & Center, and Frisco Site. Proposers must be qualified to do business and licensed in accordance with all applicable laws of the state and local governments where the project is located. • The city reserves the right to reject any or all proposals and to waive irregularities therein. • Proposers shall have a current, valid registration with the Arkansas Secretary of State before recommendation of award to Fayetteville City Council. • All proposals shall be received by Tuesday, November 18, 2025 before 2:00 PM, Local Time utilizing the electronic bidding software or by submitting a sealed physical proposal to the City of Fayetteville, Procurement Division.

Attached files

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

Contact

Amanda Beilfuss(Procurement Director)

[email protected]

(479) 575-8220

Key dates

Opened
10/19/2025
Closes
11/18/2025

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
RFP 25-20, RFP 25-21, RFP 25-22, RFP 25-23

Budget estimate

$5,000,000 – $20,000,000

Given the nature of the project, which involves the sale or lease and development of four parcels of land for long-term attainable or workforce housing, the budget can vary greatly depending on the size of the parcels, the type of development, and the terms of the sale or lease. However, considering the city's goal of providing affordable housing, the development costs might be subsidized or incentivized. Assuming an average development cost per unit and considering the city's budget for such projects, a rough estimate for the total budget could range from $5 million to $20 million, depending on the specifics of the proposals and the city's allocation for this initiative. Factors influencing this estimate include the number of units to be developed, construction costs, land prices, and any potential subsidies or tax incentives.

AI estimate from the solicitation

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