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  5. ›REDEVELOPMENT OF 3591 ROLL AVENUE

City of Cincinnati·Ohio

REDEVELOPMENT OF 3591 ROLL AVENUE

Closes 8/3/2023$500k – $2MRequest for Proposal
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Description

The City of Cincinnati is seeking qualified developers to submit proposals for the redevelopment of the parcel located at 3591 Roll Avenue. Proposers must provide a competitive financial offer tied to the city‑determined Fair Market Value and a detailed development plan that complies with local zoning regulations. The project also requires the developer to fund and execute a water‑main upgrade, secure water service, and meet a series of environmental and site‑plan conditions imposed by various city agencies. The solicitation remains open until August 3 2023, and all proposals must be submitted electronically in accordance with the RFP instructions. • Deliver a financial offer and financing plan, justifying any price below the FMV appraisal. • Produce a comprehensive redevelopment plan that conforms to the Manufacturing Limited (ML) zoning district and includes any proposed recreational amenities. • Assume responsibility for upgrading the existing 6‑inch water main, obtaining required permits from Greater Cincinnati Water Works, and providing the mandatory 45‑day lead‑service‑branch notification. • Satisfy conditional approvals from Water Works, Buildings & Inspections, and the Office of Environment & Sustainability, including indemnification language and site‑plan reviews.

Attached files

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

Contact

Emily Ahouse(Zoning Administrator)

[email protected]

(513) 352-4793

Key dates

Opened
4/3/2023
Questions due
7/21/2023
Closes
8/3/2023
Projected award
9/1/2023

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP1099CED3591ROLL

Budget estimate

$500,000 – $2,000,000

No explicit budget is disclosed, but the Fair Market Value (FMV) for a centrally‑located Cincinnati parcel of this size typically ranges from $1 million to $3 million. Considering the required water‑main upgrade, design, permitting, and full site development, a qualified developer could expect to earn a fee or profit margin of roughly 10‑20 % of the total project cost. This suggests an estimated budget between $500 k and $2 million, depending on the final FMV, the complexity of the redevelopment plan, and the financing structure the developer proposes.

AI estimate from the solicitation

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