RFEOI issued for mixed-use commercial development in Sylvan Lake

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The Town of Sylvan Lake has issued a Request for Expression of Interest (RFEI) for a mixed-use commercial development that will serve as the nucleus for downtown/waterfront revitalization. The project includes design, built, and operation of the mixed-use commercial development site in the town of Sylvan Lake. Sylvan Lake is located in the Canadian state of Alberta. The proposed project will be located on the municipally-owned parcel of approximately 5-acre land located at 5104 Lakeshore Drive.

The private partner will be responsible to Jointly finalize a vision of an animated public destination supported by vibrant commercial / retail space; Build and operate the commercial/retail component; Provide physical construction and / or capital contribution for public amenities as outlined within the Lease; Provide on-going contributions to public space maintenance and programming; and Provide a parking solution that meets the objectives of the ARP, and addresses the unique challenges of the site and area. Underground parking may utilize the entire lot area.

The private partner should have proven track record of successful ground-up development; sophisticated investment; financially stable-AAA rating; exceptional employee relations; previous experience in development and operations in multi-use facilities; and a demonstrated understanding of the characteristics required for a successful national and international tourism destination, including the promotion of year-round waterfront activities; previous experience in hosting reoccurring events.

The deadline to submit the response to the RFEOI is August 30, 2019.

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