Indio Planet bids #RFP for Sale of Property - 48550 Madison St. Indio CA

City of Indio seeks developer for sale and development of city-owned property at 48550 Madison St, Indio, CA

The City of Indio is seeking qualified developers to purchase and develop a city-owned property at 48550 Madison Street, Indio, CA. - Government Buyer: - City of Indio Public Works department - Opportunity Details: - Property: 48550 Madison Street, Indio, CA (APN 602-030-019), approx. 0.37 acres - Zoning: Suburban Neighborhood-8 (up to 8 dwelling units per acre) - Acquisition via negotiated Purchase and Sale Agreement (PSA) or Disposition and Development Agreement (DDA) - Requested Services: - Developer to acquire property, process all entitlements, and design/construct a high-quality project - Project must include all required on- and off-site improvements, utilities, landscaping, and frontage/driveway enhancements - Developer responsible for permitting, financing, construction, and coordination with City staff - Proposals must include preliminary design, implementation schedule, and cost/purchase proposal - Unique Requirements: - City open to residential or other allowed uses consistent with city codes and plans - Quality and feasibility of development concept considered alongside purchase price - No specific OEMs or vendors required; focus is on developer qualifications and project concept - Submission Details: - Proposals must be submitted electronically via PlanetBids - Implementation schedule and performance milestones required

Description

The City of Indio is soliciting proposals for the sale and development of city-owned property located at 48550 Madison Street, Indio, CA. The selected developer will acquire the property through a negotiated agreement, prepare and process all necessary entitlements, and design and construct a high-quality project consistent with approved entitlements. The developer will manage all aspects of development including permitting, financing, construction, and coordination with City staff, adhering to a clear project timeline and performance milestones. Proposals must be submitted electronically via the City's PlanetBids portal by September 30, 2026.

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