The City of Phoenix is seeking creative concepts for the redevelopment of the Ambassador West Apartments, located at 345 North 5th Avenue, Phoenix, AZ 85003. The goal is to develop a visionary and transformative multifamily rental housing project that contributes to a thriving community. The project should include a mix of affordable, workforce, and market-rate housing, with a minimum of 50% of the total units being offered at 80% AMI and below. The City is looking for input on the feasibility and potential of a mixed-income, mixed-use development, as well as suggestions on the terms of a ground lease. • The project should be located on a 2.13-acre site in Downtown Phoenix. • The City is seeking to address a critical need for affordable and mixed-income housing in Phoenix. • The project should include a relocation plan for the existing residents of Ambassador West Apartments. • The City is open to considering unique partnerships and funding sources. • The project should reflect a creative approach to meeting the needs of the community and city goals.