Gesin Lot Mixed-Use Redevelopment Opportunity

The Town of Elizabeth, Colorado is seeking Statements of Qualifications from experienced real estate developers for the redevelopment of the Gesin Lot, a 0.65-acre Town-owned property at the corner of State Highway 86 and Main Street in Elizabeth's downtown gateway, with qualifications due October 2, 2026. This is a Request for Qualifications (RFQ), not a full RFP; the Town has made no determinations regarding property disposition, sale price, land contribution, financing participation, code variances, or other transaction terms.

The site is zoned Downtown (DT), permitting retail, restaurant, office, residential, and mixed-use development by right or conditionally. Off-street parking minimums have been removed for commercial uses in the district. Current building height limit is 30 feet from average finished grade, though subject to discussion with a selected partner. The Town seeks developers capable of integrating commercial, retail, restaurant, residential, and public gathering space uses on the 28,314-square-foot parcel.

Respondents must submit Statements of Qualifications not exceeding 20 pages (excluding attachments) demonstrating firm overview and development team qualifications, a portfolio of at least two comparable mixed-use projects in historic downtown contexts, financial capacity and financing experience, and a preliminary interest statement regarding development potential. The Town is not requesting financial statements but seeks evidence of ability to secure equity and debt financing and a track record of closing projects within budget and timelines.

Evaluation is on a 100-point scale: demonstrated experience with comparable projects (30 points), financial capacity (25 points), quality of completed projects (20 points), clarity of preliminary interest statement and market understanding (15 points), and strength of professional references (10 points).

An optional site walk is scheduled for September 9, 2026. Written questions are due September 16, 2026 at 5:00 PM Mountain Time. The Town expects to present a shortlist to the Elizabeth Board of Trustees on October 27, 2026, with potential interviews scheduled for the week of November 2, 2026. All submission costs are the respondent's responsibility. Submissions may be subject to disclosure under the Colorado Open Records Act.