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HomeMy WebLinkAboutED - 3930 49 1-2 RFP City of Edina 4801 W. 50th St. Edina, MN 55424 Contact: Jordan Gilgenbach, Communications Coordinator Phone 952-826-0396 jgilgenbach@EdinaMN.gov EdinaMN.gov FOR IMMEDIATE RELEASE City Seeks Proposals for Vacant 50th & France Site Edina, Minn., Aug. 16, 2016 – The City of Edina’s Housing & Redevelopment Authority seeks development proposals for a City-owned vacant site at 50th & France. The site, located at 3930 W. 49 ½ St., was acquired by the City in 2013 in anticipation of expanding public parking. By issuing the Request For Proposals (RFP), the City intends to find a qualified developer that is capable of delivering a new project that includes new public parking and new commercial space that is successful in the marketplace and complementary to the character of 50th & France. “Over the past several months, a number of different real estate developers have expressed interest in building on the site,” said Economic Development Manager Bill Neuendorf. “We believe this site presents a unique opportunity where the City can achieve its community goal of better public parking, while enhancing the 50th & France district with additional commercial space.” It is anticipated that a preferred developer will be selected this fall with the two parties entering a formal agreement in early 2017. Any real estate transaction will be subject to zoning approvals and most likely to take place in late 2017. Proposals are due by 4:30 p.m. Friday, Sept. 30. All submittals will be evaluated by a team of City staff and may include representatives from 50th & France. In-person presentations by selected responders are tentatively scheduled for the 5:30 p.m. Tuesday, Oct. 18 Housing & Redevelopment Authority work session. To view the RFP, visit EdinaMN.gov. For more information, contact Neuendorf at bneuendorf@EdinaMN.gov or 952-826-0407. -30-