The City of San Jose (USA), through its Office of Economic Development (OED), has launched a request for qualification (RFQ) for a mixed-use urban PPP project.
The project will involve the development of a high-quality, high-rise, urban mixed-use project, which shall include the demolition, redesign, and replacement of the City-owned property known as Parkside Hall. The development site is an approximate 42,550 sq. ft. exhibition and banquet space. It could be expanded to approximately 50,000 to 70,000+ sq.ft.
The developer will provide a conceptual description of the project, at no cost to the City, which should include, but not be limited to the following:
- The suggested building area and design designated for Parkside Hall and all on the site.
- Approximate dimensions and floor area of tenant spaces/building.
- Information on where the parking will be located; how many parking spaces will be required.
- If applicable Include information on required rent for office space and proposed tenant improvements or allowance available to tenants.
- Conceptual business terms based upon the proposed structure of the public/private partnership, including the time frames/steps necessary for development.
The City staff will review all submissions and evaluate for:
- Proposal Responsiveness (Pass/Fail)
- Developer Minimum Qualifications (Pass/Fail)
- Financial Capacity and Ability to Finance Project (40%)
- Vision Statement/Conceptual Project Description (25%)
- Assembled Team with Similar Project Experience (15%)
- Public/Private Partnership Experience (10%)
- Local Business Preference (5%)
- Small Business Preference (5%)
Interested parties must submit their qualification documents on or before 23 February 2015.