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City of Terre Haute·Indiana

1211 Wabash Avenue Request for Proposals

Closes 9/16/2026$200k – $500kRequest for Proposal
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Description

The Terre Haute Redevelopment Commission is seeking a qualified development team to submit a comprehensive mixed‑use redevelopment proposal for the vacant 2.70‑acre parcel at 1211 Wabash Avenue. The submission must include team qualifications, a conceptual design, development schedule, financial feasibility, and any public assistance requests. The goal is to create a vibrant ground‑floor commercial/retail/restaurant/office environment with upper‑story residential units, strong architectural presence, pedestrian‑friendly streetscape, and integrated parking, while demonstrating long‑term ownership and management capability. • Deliver a full development concept (uses, unit count, commercial space, parking, amenities). • Provide conceptual site plans, elevations, and renderings that fit the downtown gateway context. • Detail financial estimates, sources & uses, and any requested public incentives. • Outline the development team’s experience, qualifications, and long‑term management strategy. • Submit eight printed copies and one electronic PDF by the September 16, 2026 deadline.

Attached files

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

Contact

Jordan Marvel(Executive Director)

[email protected]

Key dates

Opened
8/19/2026
Closes
9/16/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
541310

Budget estimate

$200,000 – $500,000

While the RFP does not specify a fee structure, a full‑service development proposal—including architectural concept, financial modeling, and management planning—typically commands a professional services fee ranging from 0.5% to 1.5% of total project cost. Assuming a development cost of $30 million to $60 million for a mixed‑use project of this size, the consulting fee could be roughly $150,000–$900,000. A more conservative estimate for a mid‑size firm delivering the required scope would be $200,000 to $500,000, covering design, feasibility analysis, and management consulting.

AI estimate from the solicitation

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