Title
Request for Proposals for Redevelopment of Deck Park Vista
Description
Request to authorize the City Manager, or his designee, to issue a Request for Proposals (RFP) for the redevelopment of Deck Park Vista Apartments into a new mixed-use, mixed-income multifamily rental project, and authorization to begin negotiations with the recommended proposer. There is no impact to the General Fund.
Report
Summary
The Housing Department is seeking approval to proceed with the redevelopment of Deck Park Vista Apartments to address a critical need for affordable and workforce housing in the downtown core. In January 2019, the Community and Economic Development Department presented a comprehensive analysis of multi-family housing in the Central City at the Planning and Economic Development Subcommittee (PED) meeting that revealed a critical need for affordable and workforce housing in the Downtown Core. In February 2019, the Housing Department provided PED with information regarding the opportunity to utilize the City-owned Deck Park Vista property in the Downtown Core to develop up to 436 units of affordable and workforce housing. During the discussion, the Housing Department was provided with direction and asked to return with a recommendation for an RFP.
Deck Park Vista is a 56-unit affordable rental property located on 2 acres at 1125 N. 3rd St. The property falls within the Downtown Core, and is currently zoned under the Downtown Code-Evans Churchill East Character Area, which allows 250 feet in height and a density of 218 dwellings per acre. The Housing Department proposes to demolish the existing structures and develop new multi-family housing that take full advantage of the properties’ entitlements. Existing residents will be temporarily relocated, at the Housing Department’s expense, and have first right of return to the new development.
Procurement Information
The RFP will be for a Co-Developer to partner with the Housing Department. The Housing Department will maintain ownership of the land to ensure long-term affordability. The RFP will also include the following parameters:
- Development of up to 436 new apartment units.
- Incorporation of 56, Section 8 subsidized units to replace the current senior housing.
- Affordable units for households at or below 80 percent of Area Median Income.
- Workforce units that are affordable for households at 80 percent to 120 percent of Area Median Income.
- Mixed-use building(s) with commercial on the ground floor.
- Partnership with non-profit to deliver services to residents.
- Design appropriate for Roosevelt Row Arts District and consistent with Evans Churchill East character area.
Proposers will be required to provide detailed information such as unit square footage, number of affordable and workforce units, a mix of bedroom sizes, investment and construction costs, operating pro forma, financing details and project schedules. Staff will retain the ability to reject proposals that do not meet the minimum requirements. In addition, the RFP will require performance benchmarks to ensure timely development of the project. Proposals will be evaluated by a panel that includes City staff and community representatives. Below are the proposed evaluation criteria totaling 1,000 points:
Proposed Development: 0-325
Proposer Qualifications, Experience, and Financing Capacity: 0-250
Project Cost and Leverage Requirements: 0-250
Proposed Project Timeline: 0-175
Staff will negotiate business terms with the recommended proposer. The recommended proposal and business terms will be brought to the PED Subcommittee for review and recommendation, and then to the full City Council for consideration.
Financial Impact
There is no impact to the General Fund.
Concurrence/Previous Council Action
This item was recommended for approval at the Planning and Economic Development Subcommittee meeting on April 2, 2019, by a vote of 4-0.
Location
1125 N. 3rd St.
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Housing Department.