​​​​​​​​​​​​​​​Request for Proposals​​

CITY OF VIRGINIA BEACH

NOTICE OF RFP ITEM #EDEV-17-0022

Sale of Property for Development of Select Service Hotel

This RFP is closed for submissions. ​​

The City of Virginia Beach, Department of Economic Development, is seeking proposals from a qualified developer for the following: ​

To purchase a 3 acre portion of City-owned property located adjacent to the campus of Tidewater Community College and Princess Anne Road in Virginia Beach, Virginia, GPIN 1485-44-2154.

The City desires to sell the Property to a qualified developer who will build a select service hotel compatible to the surrounding community college, medical, sports and residential communities.​

Download RFP


All proposals shall be received and time/date stamped in the location described below no later than: May 30, 2017 at 4 p.m.

Location for submissions:

Attention: Jeffrey Smith

Department of Economic Development

4525 Main Street, Suite 700

Virginia Beach, VA 23462

 

All proposals received after that time will not be considered, and will be returned unopened to the respondent.

For additional information about this Request for Proposals, please contact Jeffrey Smith at (757) 385-6464 Monday- Friday between 8 a.m. and 5 p.m.​​​​

 Site Aerial

 FAQs

​Q. Is the sale price of the land negotiable?
A. The sales price is negotiable; however, please note the minimum purchase price for the 3-acre parcel​ is $1,734,000 to be paid to the City in exchange for the property at closing.​
Q. Are there any incentives for the developer from the City of Virginia Beach?
A. Any incentives to ​be determined. 
Q. Is the appraisal available?
A. The appraisal synopsis is available here
Q. Will the City pay a commission to the broker?
A. Any broker commission will need to be negotiated with the developer in question.