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  5. ›1.34 Acre Redevelopment Opportunity - East 112th Ave. & Irma Dr.

City of Northglenn·Colorado

1.34 Acre Redevelopment Opportunity - East 112th Ave. & Irma Dr.

Closes 4/16/2026$5M – $15MRequest for Proposal
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Description

Northglenn Urban Renewal Authority (NURA) is seeking a developer or end‑user to redevelop a 1.34‑acre commercial‑general‑zoned site at the southwest corner of Irma Dr. and East 112th Ave. The project requires demolition of two vacant structures, optional demolition of existing utilities, and the creation of a “highest and best use” mixed‑use development that aligns with the city’s high‑intensity mixed‑use vision. Proposals must include an executive summary, relevant experience, a vision narrative, conceptual site plan, preliminary pro‑forma budget, anticipated challenges, and a schedule. The RFP emphasizes economic impact (tax revenue, jobs), compliance with Colorado urban‑renewal laws, and long‑term sustainability. • Demolition of two vacant buildings (Parcels 1 & 2) scheduled for February 2026. • Allowed uses: commercial, office, retail, or mixed‑use that enhance the neighborhood and generate tax revenue; prohibited uses include non‑profits, storage, liquor/marijuana, automotive repair, etc. • Required deliverables: narrative (≤10 pages), site‑plan concept, budget, timeline, risk analysis, and three comparable project references. • Evaluation criteria (10 points) focus on experience, financial feasibility, projected tax/revenue gains, design integration, compliance, and overall proposal quality. • Selection process: short‑list notice April 23 2026, finalist interviews week of April 29 2026, award notice May 14 2026, contract execution May 2026. Construction is expected to begin within 12 months of agreement execution.

Attached files

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

Contact

Allison Moeding(Executive Director)

[email protected]

(303) 450-8743

Key dates

Opened
2/19/2026
Questions due
3/24/2026
Closes
4/16/2026
Projected award
5/14/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531310
Solicitation №
RFP 2026‑01N

Budget estimate

$5,000,000 – $15,000,000

Because the RFP does not disclose a fixed budget, we estimate the developer’s potential earnings based on typical costs for demolishing two small commercial buildings, site grading, utility upgrades, and constructing a mixed‑use building on 1.34 acres in a Colorado suburban market. Demolition and site prep could run $1–2 M; construction of a 30,000–50,000 sf mixed‑use building (including parking, landscaping, and soft‑costs) might cost $4–10 M. Assuming a developer’s profit margin of 10–20 % on total project cost, the expected earnings could range from roughly $5 M (low‑end) to $15 M (high‑end). Factors influencing the budget include the final building size, financing structure, tax‑credit utilization (Enterprise Zone), and market demand at the time of construction.

AI estimate from the solicitation

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