Montgomery County Maryland
OFFICE OF PROCUREMENT

1026732 - Analytical Real Estate Consulting Services for the Department of Economic Development


Please contact Tina Benjamin (240-777-2006) with questions or to receive a copy of the informal solicitation.

Montgomery County, Maryland owns valuable land throughout the County, and currently desires to undertake an analysis of these physical resources in order to determine which parcels may have near-term residential or mixed-use development potential. The ultimate goal of this endeavor is to identify which, if any, pieces of County land could potentially be offered for private sector development through a competitive public solicitation process, with the development of such land geared toward creating a stimulus for the local economy.

Working with County staff, the selected contractor will systematically pare down the list of County-owned properties in order to ascertain which, if any, County-owned parcels have near-term residential or mixed-use development potential in the private sector marketplace.

The Contractor must complete the following three (3) Deliverables (Tasks):
  1. With assistance from County staff and in a format that will allow for an expedient evaluation, expeditiously review an abbreviated master list of County-owned land (anticipated to be hundreds of parcels) and identify those pieces of property that are either vacant or under-utilized. Task 1, the compilation of a Phase I list of potentially developable properties (anticipated to be between 10 and 30 parcels), is expected to be completed within 45 days from Contract execution.
  2. Further review, analyze and critique the Phase I list against specific evaluation criteria such as current use and zoning, existing encumbrances, Master Plan recommendations, necessary infrastructure required for development, and the like. Task 2, the compilation of a short list of potentially developable properties (anticipated to be between 3 and 8 properties), is expected to be completed within 45 days of the completion of Task 1.
  3. Further review and analyze the short list of potentially developable properties through site visits and preliminary market analysis. Identify and rank the top County-owned parcels which have the most value in the commercial marketplace, the greatest potential for immediate residential or mixed-use development, and the least amount of impact on existing County operations and services if developed by the private sector. Provide initial recommendations for presenting and promoting these properties in the commercial marketplace. Task 3, the identification and ranking of properties most likely to have immediate development potential, is expected to be completed within 45 days of the completion of Task 2.