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  5. ›Leasing Opportunity for 91 Riverside Drive

North Carolina City of Asheville·North Carolina

Leasing Opportunity for 91 Riverside Drive

Closes 8/31/2026$500k – $2MRequest for Proposal
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Description

The City of Asheville is seeking proposals from private or non-profit partners to lease and activate 91 Riverside Drive, a 1.03-acre city-owned parcel in the River Arts District. The proposals should feature adaptable, flood-tolerant, and low-impact designs, aligning with the "Live With the River" strategy. The key aspects of the project include: • Leasing a 1.03-acre city-owned parcel • Activating the space with adaptable, flood-tolerant, and low-impact designs • Aligning with the "Live With the River" strategy • Supporting post-Helene economic recovery • Participating in a mandatory pre-proposal meeting • Submitting questions by the deadline • Submitting proposals by the deadline

Attached files

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

Contact

Rachel Taylor(Project Manager)

[email protected]

Key dates

Opened
7/20/2026
Questions due
8/12/2026
Pre-bid meeting
8/4/2026Mandatory
Closes
8/31/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
298-FY27-HED-RFP-91RiversideDrLeasingOpp

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is difficult to estimate, as the document does not provide information about the lease terms or the expected revenue. However, considering the size of the parcel (1.03 acres) and its location in the River Arts District, the lease could potentially generate significant revenue for the city. Factors that may influence the likely payment range include the length of the lease, the type of development proposed, and the city's expectations for revenue generation. A rough estimate could be between $500,000 and $2 million per year, depending on the specifics of the proposal.

AI estimate from the solicitation

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