Request for Proposal (RFP)
The Fayetteville Housing Authority has a related entity known as FHA Development, Inc. and is seeking proposals from qualified individuals, firms, developers, fee developers and organizations with infill, downtown development experience to provide the development, construction and project management of two (2) high rise buildings to be built along West Avenue between Center Street and Meadow Avenue, Fayetteville, Arkansas. The two (2) high rise buildings will be located perpendicular to the current twelve-story building known as Hillcrest Towers at the corner of 1 North School Avenue, Fayetteville, Arkansas. The buildings will be 3-5 stories high and will consist of 33-55 units in each tower. The approximate size of each unit will be 600 square feet to include a kitchen, living area, bedroom, and bathroom. There will also be possible commercial space located within each building on the first floor. FHA Development, Inc. will be the development partner, not the Fayetteville Housing Authority.
This project is anticipated to begin in Fall 2020. The chosen developer will be expected to meet all city, state and federal guidelines to ensure all regulatory measures are met. The chosen will work closely with City of Fayetteville representatives as well as FHA Development, Inc. to meet or exceed all expectations of this project.
ISSUE DATE AND TIME:
Thursday, April 16, 2020 10:00 AM CST
PRE-SUBMISSION CONFERENCE DATE, TIME and LOCATION:
Wednesday, April 29, 2020 at 2:00 PM CST
Full RFP: RFP 2020-04-22
PRE-SUBMISSION CONFERENCE LOCATION:
A pre-submission conference will be held via Zoom video conference at 2:00PM Central Standard Time on Wednesday, April 29, 2020, potential offerors must email Shawnna Stone-Reynolds ([email protected]) in advance to request access. There will be NO onsite meeting. Pre-submission conference is not mandatory.
SUBMISSION DUE DATE AND TIME:
Thursday, May 14, 2020 at 12:00PM CST
PLEASE NOTE: All inquiries must be submitted via email no later than Monday, May 4, 2020 at 5:00PM CST.
Additionally, with all due respect, no form of contact will be entertained outside of the posted dates and times to allow for the continued normal flow of daily business.
The document references ADFA Minimum Design Standards
Questions & Answers for RFP 2020-04-22
Question: What is the budget you have in mind for the development?
Answer: Based on our research we believe the project will land between $5-10 million dollars.