RFP #27-008R 138 Pine Avenue Redevelopment

The City of Albany, through its Procurement Division and Downtown Development Authority, is requesting proposals for acquisition and redevelopment of 138 Pine Avenue in Downtown Albany, with proposals due October 1, 2026 at 5:00 p.m. under RFP #27-008R. No set-aside or preference program is stated.

The scope requires the selected developer to acquire the property (approximately 11,592 square feet of building on a 0.15-acre lot zoned C-2), invest private capital, complete redevelopment, and place it into productive use within an enforceable schedule. The developer bears all responsibility for due diligence, financing, design, permitting, construction, tenanting, and long-term operation. The acquisition proposal must include a firm purchase price, earnest money deposit, due diligence period, proposed closing date, and contingencies. Respondents must identify all forms of public assistance requested (grants, loans, tax incentives, infrastructure improvements, property-price adjustments), though no incentive or public contribution is guaranteed. Financial capacity must be demonstrated through evidence of available equity, lending relationships, and financing commitments. Proposals must include organizational documentation, references for at least three comparable projects, litigation and default disclosures, conflict-of-interest and non-collusion certifications, and compliance with Georgia Security and Immigration Compliance Act requirements.

Evaluation is weighted across seven criteria: Development Concept and Downtown Revitalization Contribution (25 points), Financial Capacity and Project Feasibility (20 points), Experience and Team Qualifications (15 points), Acquisition Proposal and Transaction Terms (15 points), Schedule and Readiness (10 points), Economic and Community Impact (10 points), and Fee Proposal (5 points). No specific contract value or term length is identified; both will be negotiated with the selected developer based on the approved development schedule and project completion milestones. A pre-proposal conference is highly recommended; attendance details are not specified in the source. Selection will follow a three-phase evaluation process including proposal review, possible oral presentations, and final negotiations with top-ranked firms.