The Point - For-Sale Housing Developer/Builder

The Point of the Mountain State Land Authority is requesting statements of qualifications from for-sale housing developers and builders to develop approximately 50 acres of residential units in the River District at The Point mixed-use development in Draper, Utah, under a two-stage Value Based Selection process, with Stage I submissions due August 14, 2026 at 12:00 PM and a mandatory pre-proposal meeting on July 16, 2026 at 11:00 AM at the Taylorsville State Office Building. Attendance at the July 16 meeting is required for all firms wishing to submit as prime firms.

The scope calls for 800 to 900 for-sale residential units across five superblocks at approximately 15 units per acre, including single-family detached homes (35-foot wide), townhomes (20-foot and 28-foot wide), and low-rise condominium units. Product mix, housing attainability contributions, and sustainability initiatives aligned with The Point's innovation community vision are central to evaluation. The developer must fund and construct all internal site infrastructure, parks, open space, and amenities within the parcels, while The Point constructs backbone infrastructure (Porter Rockwell Boulevard extension by fall 2026 and South/West Loop roads by summer 2027). Title to property transfers directly to individual home buyers upon completion; title does not transfer to the developer. Utilities and roads are dedicated to Draper City following Certificate of Occupancy.

Respondents must demonstrate financial capacity and stability to capitalize and complete the project. The Point requests a minimum 25 percent upfront payment of land acquisition cost, with remaining amounts due after homes are sold; specific financial proposals including land purchase price and takedown schedules are required during Stage II.

Shortlisted finalists will be announced by August 31, 2026 and will proceed to Stage II RFP between September and November 2026, with an anticipated Stage II submission deadline of November 19, 2026 and developer selection targeted for December 2026. Development agreements are expected to be executed by summer 2027, with horizontal construction commencing July 2027 and vertical construction beginning March/April 2028.

Stage I evaluation totals 300 points: team strength and qualifications (150 points, including for-sale housing experience, Utah or national development track record, moderate-density product experience, construction timeline capability, and financial strength) and quality of vision alignment (150 points).

Questions are due July 22, 2026 at 5:00 PM via Bonfire.