IFB #09-25 marina store building lease

The City of Hopewell, Virginia issued an Invitation for Bid (IFB #09-25) for a real estate lease contract to occupy the Marina Store Building located at 1051 Riverside Ave, Hopewell, VA 23860. The procurement seeks a qualified company to lease a 1,350 square foot premises for a three-year term from July 1, 2024 to June 30, 2027. The selected bidder will be responsible for completing all building improvements at their own cost, while the City will manage operating expenses, property taxes, utilities, and building maintenance. The minimum base rent is set at $1,350 per month, with a 3% annual escalation beginning in the second year of the lease. Bids were originally scheduled to be due by 11:00 am on May 23, 2024, with a public bid opening on the same date. However, a subsequent Notice of Non-Award indicates that the City has withdrawn and canceled the solicitation due to no responsible offers being received.

The IFB did not specify any set-aside designations or place restrictions on the types of organizations eligible to respond. No incumbent vendors or current contractors were listed in the procurement documents. The City reserved the right to negotiate with the lowest responsive and responsible bidder if submitted bids exceeded available funds. No specific award value or precise budget range was provided in the solicitation materials. The procurement did not mention any requirements for integration with existing infrastructure or technology. Notably, the City plans to re-evaluate the project scope following the cancellation of this initial solicitation, leaving open the possibility of a future lease opportunity for the Marina Store Building.