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File #: 17-583    Version: 1
Type: Award of bid, rfp, etc. Status: Tabled
File created: 7/12/2017 In control: City Council
On agenda: 8/15/2017 Final action:
Title: Approve the Award of RFQ 17-036, 5th Avenue Development Opportunities, to Ryan Companies US, Inc.
Attachments: 1. Property Location Map
Related files: 18-867, 17-651
CITY COUNCIL AGENDA ITEM

ACTION REQUESTED:
title
Approve the Award of RFQ 17-036, 5th Avenue Development Opportunities, to Ryan Companies US, Inc.
body

DEPARTMENT: Transportation, Engineering and Development

SUBMITTED BY: Amy Emery, TED Strategic Projects Supervisor

BOARD/COMMISSION REVIEW:
N/A

BACKGROUND:
The City of Naperville currently owns and leases a number of properties in the vicinity of the Naperville Metra commuter train station, commonly referred to as the 5th Avenue Station. A map showing location of the parcels is attached. These properties were subject of planning and feasibility studies, as they are an important gateway to downtown Naperville and surround one of the city's commuter hubs.

The City is seeking to evaluate and potentially pursue opportunities for redevelopment of one or more of the properties to improve site utilization through mixed use redevelopment based on market conditions, financial principles, parking and transportation demands. The primary purpose of this Request for Qualifications (RFQ) is to identify qualified development teams to partner with the City on visioning and redevelopment of the City-owned parcels in the vicinity of the downtown train station. While the RFQ asked development teams for potential concepts, the focus was truly on the qualifications of development teams.

DISCUSSION:

Advertisement Date:
02/22/2017
Notices Sent:
181
Opening Date:
05/23/2017
Planholders:
95


Proposals Received:
8

As noted above, nearly 100 parties obtained copies of the RFQ. The level of interest is a reflection of the exciting nature of the site. While most planholders were from the Chicagoland area, parties from coast to coast obtained copies to consider the opportunity. Proposals were received from the following development teams:

Flaherty & Collins Properties
Hamilton Partners
Inter Continental Real Estate and Development Corp.
Lincoln Property Company
Marquette Companies
Morningside Group
Renaissance Dow...

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