Real Estate Market AnalysisRequest For Proposals (RFP)

Neighborhood Services and Housing Departments

Pre-Proposal ConferenceWednesday, July 20, 2016

Real Estate Market Analysis

What is being covered today:

Objectives / Scope of Work

Redevelopment Areas (RDAs) / Neighborhood Initiative Areas (NIAs)

RFP Criteria, Dates & Standard Instructions

Questions

ObjectivesProduce a market analysis

Provide recommendations

Provide analysis and evaluation of development costs

Stress test

Identify opportunities

Scope of Work

Qualified & Experienced

Estimated timeframe

Proposer’s role - 10 general tasks

Periodic PM meetings

NSD staff will be the liaison

City may select 1 or more Proposers

8 Elements in Final Reports

Redevelopment Areas (RDAs) /Neighborhood Initiative Areas (NIAs)

Garfield Redevelopment Area / Neighborhood Initiative Area

Garfield Redevelopment Area / Neighborhood Initiative AreaThe redevelopment area extends east from 7th Street to 16th Street and south from the I-10 Papago Freeway to Van Buren Street.

Garfield Redevelopment Area / Neighborhood Initiative Area30 Total Vacant City Owned Parcels

28 Residential

2 Commercial

Garfield RDA Plan can be found here:https://www.phoenix.gov/pddsite/Documents/pdd_pz_pdf_00054.pdf

HOPE VI Special Redevelopment Area

HOPE VI Special Redevelopment AreaThe redevelopment area is bounded by 7th Avenue and 15th Avenue, including variable properties on the west side to 17th Avenue, from Pima Street north to Grant Street, including lots on the south side of Pima Street.

HOPE VI Special Redevelopment Area38 Total Vacant City Owned Parcels

34 Residential

4 Commercial

HOPE VI Special RDA Plan can be found here:https://www.phoenix.gov/pddsite/Documents/pdd_pz_pdf_00057.pdf

Isaac Redevelopment Area / Neighborhood Initiative Area

Isaac Redevelopment Area / Neighborhood Initiative AreaThe redevelopment area boundaries are generally described as Palm Lane on the north, McDowell Road and the I-10 Freeway on the south, 32nd and 33rd Avenues on the east, and 35th Avenue on the west.

Isaac Redevelopment Area

40 Total Vacant City Owned Parcels

32 Residential

8 Commercial

Isaac RDA Plan can be found here:https://www.phoenix.gov/pddsite/Documents/pdd_pz_pdf_00116.pdf

Target Area B (TAB) Redevelopment Area

Target Area B Redevelopment Area

The redevelopment area boundaries are variable parcels north of Broadway Road to Elwood Street, Southern Avenue to the south, 7th Avenue to the west, and 24th Street to the east.

Target Area B Redevelopment Area

45 Total Vacant City Owned Parcels

14 Residential

31 Commercial

Target Area B RDA Plan can be found here:https://www.phoenix.gov/pddsite/Documents/pdd_pz_pdf_00150.pdf

Village Center Neighborhood Initiative Area

Village Center Neighborhood Initiative AreaThe boundaries are generally described as Dunlap Avenue to the north, Central Avenue to the west, south along the AC/DC canal, and 7th street to the east.

Village Center Neighborhood Initiative Area17 Total Vacant City Owned Parcels

17 Residential

0 Commercial

Target Area F RDA / Village Center NIA Plan can be found here:https://www.phoenix.gov/pddsite/Documents/pdd_pz_pdf_00130.pdf

RFP Rating Criteria

CRITERIA MAX. POINTS

1. Firm Capacity 1502. Method of Approach 2503. Knowledge and

Experience 2004. Cost of Service 2505. Timeline 150

Total Maximum Points: 1,000

RFP Important Dates

Proposer Written Inquiries Due July 27th, 2016

Proposal Due Date August 8th, 2016 by 1:00 p.m. (Local Phoenix Time)

Finalist Interviews (If required) August 23rd, 2016 (estimated)

Evaluation Panel Recommendation August 25th, 2016 (estimated)

Protest Process Period September 7th – 21st, 2016 (estimated)

Neighborhoods, Housing, Development Sub-Committee Meeting

October 18th, 2016 (estimated)

City Council Approval November 9th, 2016 (estimated)

Note: Estimated dates above reflect target dates to that action and are subject to change.

RFP Standard Instructions Transparency Policy

Public Record

Confidential Information

Negotiations Community Involvement City’s Reservations of Rights Proposer’s Certification Protest Process

Real Estate Market Analysis

Questions?