Disposition Strategies Mercer Mega Block Property RFP #OPCD-2017-DS2MBPOriginal Date Posted: February 14, 2017 3:53 pm
CITY OF SEATTLE
REQUEST FOR PROPOSALS
REAL ESTATE BROKERAGE/CONSUTLANT SERVICES
Project: OPCD-2017-DS2MBP – Disposition Strategies Mercer Mega Block Property
The City of Seattle, through the Office of Planning and Community Development, is seeking through this RFP to select professional real estate brokerage/consultant services to assist with the following efforts:
- Prepare a RFP for the disposition of 800 Mercer and 614 Aurora sites;
- The RFP will clarify and present the public’s interest and aspirations for the site;
- The RFP will not propose a specific development schemes for the properties, rather it will outline various opportunities and potential constraints on the sites;
- Develop and implement a marketing plan for the sale of the properties. Such implementation should include the preparation of suitable marketing materials, and the exposure of the properties to as wide a market as possible;
- Develop objective criteria to evaluate the proposed public benefits and financial consideration for the properties;
- Provide timely and informative responses to requests for information from interested parties;
- Assist the City in preparing materials for City Council authorization to dispose of the two properties;
- Assist the review panel to evaluate and grade responsive proposals, the consultant would be a non-voting subject-matter-expert to the review panel, providing opinion and guidance on the qualifications of the proposers;
- Secure, evaluate, and present to the city suitable offers for the properties, and when required, negotiate on the City’s behalf the terms of conditions of counter-offers;
- Conduct negotiations for the sale of the properties;
- Develop a Disposition and Development Agreement (DDA) for the properties; and
- Otherwise act as the owner’s representative through the close of the properties.
The success of the disposition of these City-owned properties depends on a clear, strategic and achievable vision, defined through principles which will guide the redevelopment of these properties. By clarifying this, the city can achieve benefits that will build upon and grow the vitality, affordability, and economic development of South Lake Union and the city. The vision and principles are not meant to be either prescriptive or proscriptive, but rather to be used as tools to evaluate the responses for an economically, environmentally, and socially sustainable community.
The principles identified in the RFP for disposition will describe a preferred course of action and will be utilized to direct planning, and investment decisions on the development opportunities for these properties. To create a vibrant place the principles will look at the mix of uses; residential, both affordable and market rate; employment; and commercial that will build on the uniqueness and character of this part of the community; activate the site and provide places for the community to gather.
Project Budget: Based on Competitive Fee Structure
The full RFP and associated documents can be viewed and downloaded at the City’s E-Bid Exchange site, www.ebidexchange.com/seattle.