Sale and Development of Town Owned Land (6.8 Acres) in Downtown Queen Creek, Arizona

Description

Offerors are asked to submit a written proposal based on the criteria listed below, subject to any addenda that the Town may release prior to close of the offering period. Proposals will be reviewed and scored by the Town’s evaluation panel and will serve as the basis for the interview between the Offeror and the Town’s evaluation panel. The Town is seeking to understand the Offeror’s intent and development proposal based off the Town’s vision for the 6.8-acre site through a well-written narrative outlining how the Offeror intends to approach the development. In addition, Offerors shall submit a conceptual site plan showing anticipated land uses and densities. No additional design work of any kind, such as elevations, is needed at this stage of the process.As the Town is seeking to balance the fulfillment of its vision for this property with a fair economic return, Offerors shall also submit a terms sheet that reflects their proposed terms for the acquisition of the property based on the proposal. The Town acknowledges that proposals will be speculative and based on Offeror’s best and current understanding of the site, market and the Town’s goals at the early stages of this process. That said, the Town is seeking complete proposals that demonstrate the Offeror’s experience and soundness of approach to planning, financing and developing the site.This property, APN’s 304-66-021C, 022C, 024C, 026C and 304-93-557B, is located in the redevelopment area, adjacent to the Library and Communiversity site. The location is desirable, strategic to the development of the Town Center, has access on Ellsworth Loop Road, and will provide the Town with future development opportunities appropriate for the location.