Earlier this year, the city of Phoenix asked developers to submit bids with their ideas to transform a mostly-vacant piece of prime downtown real estate. The city is deciding who will get to buy and redevelop 7.6 acres of city-owned land on Fillmore Street between Fourth and Sixth avenues. An evaluation panel of city employees and business people scored the proposals in several key areas such as financial return, public benefits and project timeline. Each proposal could be scored up to 1,000 points. Ultimately, the Phoenix City Council will determine the winning bid.
Earlier this year, the city of Phoenix asked developers to submit bids with their ideas to transform a mostly-vacant piece of prime downtown real estate. The city is deciding who will get to buy and redevelop 7.6 acres of city-owned land on Fillmore Street between Fourth and Sixth avenues. An evaluation panel of city employees and business people scored the proposals in several key areas such as financial return, public benefits and project timeline. Each proposal could be scored up to 1,000 points. Ultimately, the Phoenix City Council will determine the winning bid.
Earlier this year, the city of Phoenix asked developers to submit bids with their ideas to transform a mostly-vacant piece of prime downtown real estate. The city is deciding who will get to buy and redevelop 7.6 acres of city-owned land on Fillmore Street between Fourth and Sixth avenues. An evaluation panel of city employees and business people scored the proposals in several key areas such as financial return, public benefits and project timeline. Each proposal could be scored up to 1,000 points. Ultimately, the Phoenix City Council will determine the winning bid.
West Fillmore Redevelopment RFP
Evaluation Panel Deliberations Summary and Scoring
Scope/Scale | Financial | Consistency
Prop. Qual. &| of Prop. | Return/Public | w/App. Plans | Proposed | Proposed
Fin. Capacity | Development | Benefits _| & Ordinances |Business Plan] Timeline Total
(0-225) (0-225) (0-200) (0-150) (0-100) (0-100) | (0-100)
Concord Eastridge 190 180 140 140 50| 60] 760)
[FIT & Finriore Det
Partners 200 190] 160] 130] 70) 70 820
Kenilworth Neighborhood 150) 150) 100) 100) 25] 40| 565
Phoenix Fillmore Partners 220 170) 180) 115 80 20 855
Proposer’s Qualifications and Financing Capacity
The Phoenix Fillmore project had the most relevant qualifications related to the Desired Project and demonstrated the highest level of
financial capacity.
Concord Eastridge did not provide documentation of equity and debt sources.
The Kenilworth Neighborhood project lacked a clear strategy to fund all proposed development costs.
Scope/Scale of Proposed Development
The Fifth and Fillmore project offered the broadest scale and scope of the proposed development.
Concord Eastridge had the least density excluding the affordable housing sites, which were not part of the RFP.
The Phoenix Fillmore proposed development had less detail on some phases and the panel had concerns over sustainability
The Kenilworth Neighborhood project lacked a clear strategy and detail.
Financial Return and Public Benefits
Phoenix Fillmore had the best overall financial return with the least risk.
Consistency with Approved Plans and Ordinances
Concord Eastridge appeared to have the greatest consistency with the City's approved Plans and Ordinances and the Desired Project.West Fillmore Redevelopment RFP
Evaluation Panel Deliberations Summary and Scoring
Proposed Business Plan
The Phoenix Fillmore project's budget reflects market reality and offers the least risk
The panel had more concern with Concord Eastridge’s and Fifth and Fillmore's reliance on for sale properties.
Concord Eastridge had inconsistencies between its budget and its proforma
The Kenilworth Neighborhood proposal lacked detail
Proposed Timeline
The panel liked The Phoenix Fillmore project's phased approach.
The Fifth and Fillmore and Concord Eastridge projects are more reliant on for sale properties which could result in a longer timeline.
The Kenilworth Neighborhood proposal lacked detail and had the longest timeline.
Evaluation Panel Members
Murray Boess
Cindy Dach
Christopher Kowalsky —
Caroline Lobo
Keon Montgomery
Robyn Sahid
Mark Singerman
Mark Stratz i 7 ie
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