Reno Planet bids #RFP 144361

City of Reno Solicits Proposals for Redevelopment of 264 Keystone Avenue Property

This opportunity involves the City of Reno seeking proposals for the purchase and redevelopment of a city-owned property at 264 Keystone Avenue, Reno, NV. - Government Buyer: - City of Reno (Finance Department) - City of Reno Public Works (appraisal) - Nevada Division of Environmental Protection, Brownfields Program (environmental assessment) - Property Details: - 1.205-acre site with a 26,640–28,015 sq. ft. industrial flex building (built in 1967) - Zoned for mixed-use (MD-NWQ), allowing for high-density residential and retail - Includes 3,186 sq. ft. of finished office space - Permanent easements for public infrastructure (retaining walls, storm drain, sanitary sewer, fire department connections, railroad, and sewer) - Products/Services Requested: - Purchase and redevelopment of the property - Proposals must include redevelopment concepts that are financially feasible, compatible with the area, and align with city and state economic development goals - Environmental compliance: Potential presence of asbestos-containing materials and lead-based paint; abatement required if renovation or demolition occurs - Appraisal estimates market value at $2,340,000–$2,670,000 - Unique/Notable Requirements: - Accommodation of all existing easements in future development - Compliance with environmental abatement regulations - Proposals evaluated on public benefit, purchase price, economic impact, compatibility, and alignment with strategic objectives - City may negotiate with selected proposers - No specific OEMs or vendors are named, as this is a real estate and development opportunity.

Description

The City of Reno is soliciting proposals from qualified developers, investors, and development teams for the purchase and redevelopment of a City-owned property located at 264 Keystone Avenue, Reno, Nevada. The property, formerly used as a police evidence storage facility, has been vacant since 2025 and is no longer needed for municipal use. The City seeks a developer to return the site to productive use through private investment that strengthens the area, generates economic activity, and enhances the community. Proposals should be financially feasible, compatible with the surrounding area, and aligned with the City's vision for reinvestment in key gateway and downtown corridor areas. The City anticipates negotiating the sale with the selected proposer, subject to City Council approval.

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