Georgetown Ionwave #202701 Addendum 1

Development proposal for retail space adjoining Georgetown’s planned Main Street parking garage

The City of Georgetown is seeking a development partner for retail space beside its planned Main Street parking garage. - Government buyer: City of Georgetown, Texas — Purchasing Department. - Opportunity: Propose and deliver a pedestrian-oriented, financially sustainable development for approximately 16,000 square feet of space at 911 Main Street, wrapping the north and west sides of a planned four-level, 450-space parking garage. - Possible transaction structures: Long-term ground lease, purchase, or another negotiated contractual or ownership arrangement. The City has not specified a minimum price or rent. - Potential uses and design: Retail, dining, entertainment, or other complementary commercial uses; hospitality above ground-floor retail may also be proposed. The concept should support downtown revitalization and placemaking. - Proposal content: Include the proposed use and development program, design approach, market and economic impact, financing and evidence of financial capacity, implementation schedule, operating and management plan, relevant experience, community benefits, and proposed lease terms and/or purchase price. Proposers must budget for a retail architect for additional design needs. - Delivery expectation: The development is expected to be complete and operational within 24 months after shell-space turnover. No lease duration or other contract term is specified. - OEMs and vendors: No OEMs, manufacturers, or development vendors are named in the opportunity.

Description

The City of Georgetown is seeking sealed proposals from qualified development partners for approximately 16,000 square feet of retail space at the City-owned property at 911 Main Street, Georgetown, Texas. The City is considering a long-term ground lease, sale, or another contractual relationship and/or ownership structure for space wrapping the north and west sides of a planned 450-space, four-level parking garage. The proposed project should support downtown revitalization and provide a creative, high-quality, pedestrian-oriented development. Proposals are due electronically by November 12, 2026, at 2:00 PM CT; the pre-proposal meeting and site tour are non-mandatory.

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