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Purchase and Development of Economic Development Authority Property

1/24/2024
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Lynchburg, Virginia

Economic Development Authority of the City of Lynchburg

The buyer is seeking proposals for the purchase and development of five parcels of property. The buyer aims to facilitate development to increase workforce housing inventory. The buyer wants development proposals that create a unique neighborhood character with various amenities. Proposals should align with the City's Comprehensive Plan goals, particularly enhancing mobility and creating better streets. The buyer expects construction to begin within 18 months of sale.

  • 1/6/2024 - Deadline for questions
  • 1/24/2024 - Proposal Due Date
Refer to RFP
  • Purchase five parcels of EDA property on Wiggington Road
  • Develop property with focus on workforce housing
  • Create unique neighborhood character differentiating from typical suburban layout
  • Include amenities like sidewalks, street lighting, interconnected streets, and recreational opportunities
  • Design traditional lot layouts with homes that interact with street and sidewalks
  • Obtain necessary rezoning approval
  • Construct and market residential homes within listed parcels
  • Begin construction phase within 18 months of sale
  • Prepare and process environmental review and other required approvals
  • Bear all predevelopment costs related to the project

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