Advertised_Notice_of_Intent_for_Disposition_(1).pdf

This is a Public Notice of Request for Proposals issued by the City of Tampa, Florida, for the disposition of real property located at 411 North Franklin Street, which currently serves as the Tampa Police Department Headquarters. The 44,521-square-foot property, situated in the Central Business District-1 zone and identified by Folio 193527-0000, includes a five-level parking garage and associated improvements. Qualified proposers must demonstrate both vision and financial capacity to develop the property to its highest and best use, with all costs related to demolition, environmental assessments, surveys, engineering, architecture, rezoning, and construction to be borne by the successful proposer. Proposals must be submitted electronically through the OpenGov eProcurement Portal by February 6, 2026, at 1:00 PM EST, with a pre-proposal meeting and site tour scheduled for January 6, 2026. The property closing must occur by January 31, 2027.

The property is offered for sale with an opening bid of $36,000,000.00 and will be sold "AS IS/WHERE IS WITH ALL FAULTS." A 10% deposit of the purchase price is required at the execution of the Contract for Sale and Purchase. The successful proposer must agree to a one-year leaseback of the headquarters to the City for $1.00 per year, with a potential one-year extension, during which the City will cover all utility costs. The property is subject to two existing leases: one with Dan Hayman Jewelers (month-to-month) and another with P10 Kennedy, LLC/Moxies (expiring April 6, 2030); proposers must indicate whether they will assume or terminate these leases. Evaluation criteria consist of proposal completeness and purchase price (50 points) and financial capacity (50 points). Proposers must provide three years of audited federal tax returns, income statements, and cash flow statements to demonstrate financial capacity, and if financing is required, must submit a loan commitment or pre-approval letter. The City will pay documentary stamp taxes, while the proposer will bear all other closing costs. Proposals remain binding for 180 calendar days following the opening.