​​​​​​​​​Re​​quest for Proposals (RFP #ED-19-03)​

Sale of Real Property​​

London Bridge Commerce Center ​​​​: 2206 Commerce Parkway, Virginia Beach, 23454


I. Overview​​​

Real Property​​​

One parcel of land on London Bridge Road, in the City of Virginia Beach, Virginia GPIN: #2407-04-8646​ (See Exhibit A

Purpose​

The City of Virginia Beach Development Authority (VBDA), City of Virginia Beach Department of Economic Development, is seeking proposals from qualified Offerors to purchase the property for development. ​

​Specifications​

The estimated land area is 18.24 +/- acres.

Background

The property was most recently used as an Office Park.  

Zoning​​

Industrial - 1; Opportunity Zone, Hub Zone​

II. Future Use​​​​​​​

The VBDA is soliciting proposals that are compatible uses within the NAS Oceana accident potential zone 1 (APZ-1) and comply with the Navy easements on the land (see APZ–1 table and restrictive easements). The VBDA is requesting that qualified (see section III. a. for qualification criteria) persons/companies submit proposals to state their intended purpose for the use of the land.  Qualified responders should include in their responses (1) the amount of the purchase price; and (2) a description of how this area would be used and designed including ingress and egress. Note: APZ-1 compatible use table, restrictive easements, and site aerial

III. Proposal Requirements​​​​

​a) Respondent Qualifications​​​​​

  • Experience – Qualified responders will have experience in the type of development proposed.

  • Insurability – Qualified responders shall have the minimum insurance requirements listed below:


​​Form​​​​Limits​
Workers' Compensation Statutory
Automobile Liability  $1,000,000 Combined Single Limit
Commercial General Liability ​ $1,000,000 Combined Single Limit

  • ​​​​​Responder can have no outstanding debts or claims against the City at the time of execution.​

​​​​​b) Submittal of Proposals​​​​


​​​​​Each respondent must submit with their proposal the items liste​d below:

  1. Five copies of each proposal in a sealed envelope marked "RFP # ED-19-03, London Bridge Commerce Center" on the outside.

  2. All proposals shall be received and date-stamped in the location described below no later than May 16, 2019 - 3:00 p.m. local time.  All proposals received after that time will not be considered, and will be returned unopened to the respondent.

  3. Location for submissions:​ 

​City of Virginia Beach 

Attention: Mr. Taylor Adams, Director

Virginia Beach  Department of Economic Development

4525 Main Street, Suite 700

Virginia Beach, Virginia 23462


4. ​​​​Proposals submitted by telephone, facsimile, or e-mail will not be considered.​

5. ​All technical questions should be directed to Raymond White,  Business Development Coordinator (757) 385-6464. ​​​


c) Contents of Proposal  ​​
Respondents must include in their proposal the following documents and information which will be used as evaluation criteria :
 ​
  1. Evidence of insurability at limits described above and a copy of your current insurance coverage;
  2. A description of the proposed use of the property;
  3. A description of your relevant experience;
  4. Types of improvements  to be made by responder at responder's expense;
  5. Estimated capital investment 
  6. Targeted timeline for improvements;
  7. Proposed terms of purchase agreement including purchase price offered;
  8. Letter of credit showing ability to provide necessary financing, if applicable;
  9. Landlord/mortgage company references for past two (2) years; and​
  10. Anticollusion / Nondiscrimination / Drug Free Workplace Form as referenced in the RFP docume​nt page 4​

IV. ​Review and Selection

The VBDA will evaluate the proposals based on several criteria, including the purchase price offered for the real property and the compatibility of the proposed usage with the restrictions of the property as described and the best interests of the VBDA and the City of Virginia Beach.  The participants will be notified by mail of the VBDA's selection. The VBDA reserves the right to reject any and all proposals and to select the proposal that it deems is in the best interests of the VBDA, even if it is not the highest purchase price. The selection among the proposals shall be in the sole discretion of the VBDA. 

Only responsive and responsible proposals will be considered.  Proposals that attempt to change or do not meet the requirements in this Request for Proposals may be rejected as being non-responsive.  Each proposal shall be considered a valid offer until the VBDA notifies participants that it has selected a proposal. 

If a proposal is selected, the VBDA will notify the selected participant and will prepare a lease setting forth the terms of lease consistent with the terms in this Request for Proposals and the participant's proposal.  The responder will sign the purchase agreement, and then the matter will be put on the VBDA's Agenda for a public hearing and formal approval pursuant to applicable laws and procedures.  

Related​​ Documents



 Exhibit A