City-Owned Property Redevelopment

The City of Waconia is seeking proposals from qualified developers to acquire and redevelop a 9.16-acre city-owned property as a market-supported project, with potential residential, retail, hospitality, or mixed-use components.

City of Waconia


General
Open
Nov 16, 2026 10:00 PM
Request for Proposal (RFP)
Local
Ask AI about this solicitation
Contact
lbraaten@waconiamn.gov
+19524423106
201 Vine Street South, Waconia, MN, USA
Submission Instructions
Email
Description

The City seeks a development partner to acquire and redevelop its approximately 9.16-acre property. Proposals may include residential, retail, hospitality, or other compatible commercial or residential uses; the City is open to a flexible development program rather than prescribing a specific use. Medical and dental uses are prohibited by an existing deed restriction. Respondents should describe their development concept, team qualifications, comparable projects, market analysis, financing and financial capacity, proposed purchase price and acquisition terms, any requested public assistance, and a schedule from selection through occupancy. The proposal should address site layout, building scale, parking, access, pedestrian and bicycle connections, landscaping, open space, phasing, and significant public improvements. A fully engineered or construction-ready plan is not required. The City requests a current financial statement and at least two financial references, as well as at least three references for comparable projects.

Classification Codes
NAICS236220Commercial and Institutional Building Construction
PSCC116Residential Buildings
Smart Codes
real estate developmentmixed-use developmentmultifamily housing
Specifications
Service Only
Timeline
Oct 12, 2026-RFP Issued
Oct 29, 2026-Optional Property Tour (optional)
Nov 2, 2026-Questions Due
Nov 16, 2026 10:00 PM-RFP Responses Due
Nov 17, 2026-Staff/Selection Committee Review
Dec 21, 2026-Developer Interviews, if necessary
Dec 29, 2026-Preferred Developer Selection
Jan 4, 2027-City Council Approval
May 30, 2027-Purchase Closing
Requirements
Scored
  • Minimum 3 references
  • Within the last 5 years
  • Client point of contact required for each reference
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