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  5. ›CITY OF CORONA - NORTH MALL MIXED USE DEVELOPMENT PROJECT REQUEST F…

City of Corona·California

CITY OF CORONA - NORTH MALL MIXED USE DEVELOPMENT PROJECT REQUEST FOR QUALIFICATIONS (RFQ) NO. 26-035SB

Closes 4/2/2026$25M – $225MRequest for Qualification
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Description

The City of Corona is seeking a qualified developer to acquire, entitle, finance, design, and construct a mixed‑use redevelopment of its 8‑acre North Mall site. The developer will be responsible for securing all permits, arranging financing, delivering a 4‑star boutique hotel, at least 300 residential units (with 25 % affordable), 100,000 sq ft of ground‑floor retail, public parking, plazas, and related public improvements, and managing the public‑private partnership throughout the project lifecycle. • Minimum 5 years experience on comparable mixed‑use, public‑land developments in California. • Demonstrated financial capacity (audited statements, capital stack) to purchase/lease the site and fund entitlement, design, and construction. • In‑house executive, professional, and technical team with documented biographies. • Ability to coordinate with the City on entitlement, public‑benefit agreements, and community engagement. • Submission of required forms (non‑collusion, insurance, business license, etc.) by the electronic deadline.

Attached files

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

Contact

Scott Briggs(Lead Purchasing Specialist)

[email protected]

(951) 736-2369

Key dates

Opened
2/5/2026
Questions due
2/26/2026
Pre-bid meeting
2/19/2026
Closes
4/2/2026
Projected award
7/1/2026
Duration
5 years

Last updated

Details

Type
Request for Qualification
Industry
Property Development
NAICS
531312
Solicitation №
RFQ 26-035SB

Budget estimate

$25,000,000 – $225,000,000

No contract value is disclosed, but a mixed‑use development of this size (8 acres, hotel, 300+ residential units, 100k sq ft retail) typically involves total project costs in the $500 million‑$1.5 billion range. Assuming the developer’s fee/profit is roughly 5‑15 % of total cost, the expected earnings could fall between $25 million and $225 million. Factors influencing the budget include the final land acquisition price, financing structure, market conditions for hotel and residential units, and any public‑benefit revenue‑sharing arrangements.

AI estimate from the solicitation

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