Lease or Sale of Main Street Parking Garage Retail Space

The City of Georgetown is soliciting sealed proposals from qualified development partners to enter into a long‑term ground lease, sale, or other contractual arrangement for approximately 16,000 sq ft of retail space that will wrap the north and west sides of a new four‑level, 450‑space parking garage at 911 Main St. The selected proposer must deliver a high‑quality, mixed‑use retail concept that aligns with the Downtown Master Plan, enhances pedestrian activity, and becomes operational within 24 months of receiving the shell space. The City will evaluate proposals on design quality, financial sustainability, community impact, and alignment with the Downtown TIRZ objectives. Proposals are submitted electronically by 2 PM CST on 12 Nov 2026; a non‑mandatory pre‑proposal meeting and site tour will be held on 15 Oct 2026. • 16,000 sq ft of prime downtown retail space adjacent to a new parking garage • Options for a long‑term ground lease, outright sale, or hybrid ownership structure • Must produce a detailed business plan, financing strategy, and development schedule • Project must be completed and operational within 24 months after shell turnover • Evaluation criteria include design quality, economic impact, financial capacity, and community benefits • Submission via City’s e‑bid system; questions due 5 Nov 2026; award expected Jan 2027