FOR IMMEDIATE RELEASE
October 3, 2022
CONTACT:
Terry Welch, Purchasing Manager
[email protected]
409-880-3107
The City of Beaumont Has Issued a Request for Proposals for the Purchase and Development of 555 Main Street
The City of Beaumont has officially issued a request for proposal regarding the purchase and redevelopment of 555 Main Street in downtown Beaumont. A 2.701-acre riverfront lot, the City is interested in receiving proposals from developers that have the financial resources and vision to create unique additions to the heart of downtown Beaumont. The City is specifically looking for a proven developer to acquire the building to utilize it for uses such as a hotel, residential, and/or restaurant and retail that will generate more foot traffic, economic development, and connection to the river. This unique opportunity offers the right developer an opportunity to get in on the ground floor of the region’s most desirable property: downtown Beaumont’s Riverfront.
The City is investing over 25 million dollars into downtown riverfront development area. The area is primed for growth with new infrastructure, parks, private and public buildings designed to bring people downtown to live and play. It is also part of the Downtown Reinvestment Zone and able to offer tax incentives and fee waivers to qualified projects that encourage creative development.
Proposals will be evaluated equally based on the following criteria: qualifications and financial ability of the developer, construction timeline, site plan, and value provided, and we cannot stress enough that it’s not about the highest bid, but about providing the best use case that aligns with the City’s future vision for downtown.
The project must begin construction within twelve (12) months of close of the sale and be complete to the point of issuance of a Certificate of Occupancy (CO) within thirty-six (36) months of the sale. The successful project would be in furtherance of the City’s Downtown Redevelopment efforts.
Dates You Need to Know:
October 19, 2022 – Site Walk-through and Pre-Bid Meeting
An OPTIONAL Pre-Bid Meeting will be held on WEDNESDAY, OCTOBER 19, 2022, at 10:30 A.M. (CST) in the First Floor Conference Room at CITY HALL, 801 Main Street, Beaumont, Texas 77701. A site walk-through at 555 Main Street will be held before the meeting at 9:00 A.M. (CST).
January 12, 2023 - Deadline for Submittal of Questions
Have questions? We have answers. An addendum with what everyone’s asking will be posted on January 19, 2023.
February 2, 2023 - RFP Due
This is a formal RFP process and all required information must be submitted via mail or in-person: City Clerk’s Office/ City Hall
City of Beaumont
801 Main St.
Suite 125
Beaumont, TX 77701
A virtual property walk-through is available at: https://beaumonttexas.gov/555-video
The full RFP is available at: https://beaumonttexas.gov/555
Prior to submitting a bid, be sure to check the City of Beaumont purchasing page for any updates and addendums to:
#RFP_No_TF0922-43 on current bid opportunities.
LEARN MORE at:
https://beaumonttexas.gov/wp-content/uploads/2022/10/555-Flier.pdf
About the City of Beaumont: Beaumont, incorporated in 1838, is a coastal city in Southeast Texas 90 miles east of Houston and 60 miles west of Louisiana. The City is home to more than 115,000 residents and is the seat of Jefferson County, Texas. The City's economic success started with the discovery of oil more than a century ago. Now entering a new Golden Era of the Golden Triangle, it is strategically positioned for unlimited growth and potential.
