Oldsmar, United States



 
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City of Oldsmar Town Center Project Offering Memorandum

CBRE Group, Inc. ("CBRE"), on behalf of the City of Oldsmar, Florida is pleased to present this Offering   Memorandum (OM) to potentially acquire and develop an 8.02± acres (mol) (349,257 sq. ft) parcel in   downtown Oldsmar, adjacent to City Hall at 100 State Street. The property is vacant and anxiously awaits   proposals for development, to include an office structure, parking garage (to include retail and possibly a   residential component), interactive public park space, restaurant and boutique hotel. The City owns all of the   property presented in the conceptual site plan and looks forward to this Town Center Project being the   centerpiece of what we hope to be a bustling downtown.

The City’s goal is to provide for a disposition of the property to a private developer or development team for
a high density, authentic, sustainable urban development in the City’s Community Redevelopment Area (CRA),  that contributes to the excitement of living in the newly expanding downtown Oldsmar. The City will consider   the transfer ownership of the development area, via the sale of the entire parcel, or individual parcels, as
they evaluate the best methodology for a successful Project, consistent with Florida law.


The solicitation document and video can be found through the following link:
 

The City has engaged the services of CBRE, a real estate development advisor/broker, for this assignment.  CBRE shall represent the City in all negotiations; fiduciary responsibilities of CBRE exist only to and on behalf of the City. 

Please make sure to review this website periodically for Addendum updates.

Non-Mandatory Pre-Proposal Meeting & Site Visit:
February 22, 2018 at 11:00 AM
City Hall
100 State Street West, Council Chambers
Oldsmar, FL 34677

Deadline for Written Questions
March 28, 2018 at 5:00 PM

Proposal Submission Deadline             
April  30, 2018 at 5:00 PM

CBRE, Inc.
Tom Karpenske
101 East Kennedy Blvd, Suite 1500
Tampa, FL 33602

With a copy to:

Al Braithwaite
City Manager
100 State Street West
Oldsmar, FL 34677
 
MILESTONES DATE/DEADLINES
Offering Memorandum Posted Monday, January 8, 2018
Non-Mandatory Pre-Proposal Meeting & Site Tour Thursday, February 22, 2018 at 11:00 AM
Questions Deadline* Wednesday, March 28, 2018 by 5:00 PM
Proposals Due Monday, April 30, 2018 no later than 5:00 PM
Proposal Review and Evaluation Estimated May 30, 2018
Presentations to City Staff and CBRE Estimated June, 2018
Presentations to City Council TBD
Presented Developer(s) Selections (s) TBD
 

Click on the links below to view and download the Attachments and Addenda

CITY OF OLDSMAR TOWN CENTER PROJECT ATTACHMENTS:
ATTACHMENT A - COMMISSION AGREEMENT

REQUIRED SUBMITTAL FORMS:
PUBLIC ENTITY CRIMES STATEMENT
CERTIFICATION REGARDING DEBARMENT, SUSPENSION, AND OTHER RESPONSIBILITY MATTERS
W9

ADDITIONAL INFORMATION
CITY OF OLDSMAR GAP ANALYSIS

  © CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.  

CBRE
+1 (813) 273-8437
CBRE
+1 (850) 251-9319
CBRE
+1 (813) 273-8445