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City of Mesa·Arizona

Property Development-SE Corner of Center/Main - Site 51-55

Closes 7/30/2026$50M – $150MRequest for Qualification
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Description

The City of Mesa is seeking a qualified developer to partner on a mixed‑use, urban‑infill project at the Southeast corner of Center and Main Streets (Site 51‑55). The developer will assume responsibility for financing, design, entitlement, construction, leasing, operation, and long‑term management of a minimum eight‑story building that includes Class A office, retail, restaurant, and ground‑floor activation supporting the Mesa Arts Center and potential ASU tenancy. The City will retain land ownership and provide utilities and assistance with entitlements, while the developer will own the building under a long‑term ground lease. The solicitation emphasizes strong team experience, a compelling vision narrative, and a robust finance plan. • Scope includes full project delivery from financing through construction, leasing, and ongoing operations. • Minimum 8‑story mixed‑use building with focus on pedestrian‑oriented retail, cultural activation, and innovative parking solutions. • Developer must submit a detailed financial pro‑forma, demonstrate ability to secure financing, and outline responsibilities, incentives, and milestones.

Attached files

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

Contact

Robert Cochran(Procurement Officer II)

[email protected]

(480) 644-2543

Key dates

Opened
5/20/2026
Questions due
7/20/2026
Pre-bid meeting
6/3/2026
Closes
7/30/2026
Duration
2 years

Last updated

Details

Type
Request for Qualification
Industry
Property Development
NAICS
236220
Solicitation №
RFQ-F620-2026153-3

Budget estimate

$50,000,000 – $150,000,000

The solicitation does not disclose a contract value, but a mixed‑use, minimum 8‑story development in a downtown Opportunity Zone typically involves capital expenditures ranging from $50 million to $150 million. Assuming the City’s compensation reflects a ground‑lease rent and potential revenue‑share arrangement, the developer’s earnings (including lease payments, rent escalations, and profit from operations) could fall within that range. Factors influencing the estimate include project size, financing structure, market rental rates, and any city incentives.

AI estimate from the solicitation

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