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  5. ›Purchase and Redevelopment of 1039 E Fayette St (Former Fire Stn #7)

City of Syracuse·New York

Purchase and Redevelopment of 1039 E Fayette St (Former Fire Stn #7)

Closes 3/27/2025$5M – $20MRequest for Proposal
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Description

The City of Syracuse is seeking a development partner to acquire and redevelop the former Fire Station #7 site at 1039 East Fayette Street. The project aims to create a dense, attractive mixed‑use development that returns the parcel to the tax roll, generates permanent jobs for local residents, and adds housing units. Proposers may be asked to accommodate continued fire department operations on‑site and can structure the transaction as a purchase or a land/ground lease under a public‑private agreement.

Attached files

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

Contact

[email protected]

(315) 448-8453

Key dates

Opened
1/27/2026
Closes
3/27/2025

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531310
Solicitation №
RFP #25-211

Budget estimate

$5,000,000 – $20,000,000

No specific fee is disclosed, but typical full‑service real‑estate development contracts for a downtown mixed‑use project of this size (approximately 1‑2 acres) range from $5 million to $20 million in total developer fees, depending on scope, financing structure, and risk allocation. Factors influencing the estimate include the cost of land acquisition or lease, required infrastructure upgrades, affordable‑housing incentives, and the complexity of integrating fire‑department facilities.

AI estimate from the solicitation

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