RFP 2026-024 City-Owned Historic Property Reuse

The City of Austin, Texas is requesting proposals for the adaptive reuse and redevelopment of a city-owned historic property under RFP 2026-024, with proposals due October 8, 2026. Selection will be based on best-value criteria rather than lowest cost alone, and the city intends to negotiate a long-term development agreement with the winning proposer, potentially including ground lease or disposition terms.

Proposals must present comprehensive plans addressing proposed uses, development timelines, financial feasibility, and community benefits. Preservation of historic character while generating economic value is a core requirement. Proposers must demonstrate compliance with historic preservation standards and the financial strength to execute the project within defined phases while maintaining ongoing historic preservation compliance.

Evaluation criteria emphasize project viability, community impact, historic preservation standards compliance, and financial strength of the proposing entity. Site visits and pre-proposal conferences are available for interested bidders to review the property and clarify requirements.

Pricing will be negotiated as part of proposal evaluation and may include public investment or incentives depending on community benefits offered. Funding sources may include private investment, tax increment financing, historic preservation tax credits, and potentially municipal bonds or grants, depending on the scope and nature of the selected development proposal. No specific contract value or estimate is stated in the source material.