City of Farmington Hills

The buyer is seeking professional services for a Market Study along the Grand River Corridor District. The study area is located between Orchard Lake Road and Inkster Road on Grand River Avenue, with a small section bordering 8 Mile Road. The buyer aims to re-discover current features and reveal untapped potential for future real estate investment. The study will address current and future market needs and existing zoning impediments. The buyer is interested in exploring residential, retail, and restaurant uses along the corridor.

• 9/4/2024 - Proposal Due Date

• Minimum of ten years' experience providing this type of service in a municipal environment
• Maintain all licenses required by the State of Michigan for the discipline
• Provide a single point of contact for the duration of the contract
• Ensure timely completion of assignments
• Comply with administrative procedures of the City

• Identify existing elements that could encourage real estate development along the corridor
• Define amenities to attract new users
• Determine how proximity to Downtown Farmington can be leveraged for business/residential development
• Discover current target market and consumers within the Corridor
• Research discrepancies with existing overlay zoning
• Determine realistic parking needs and potential parking minimums
• Describe possible businesses that may enter the area
• Analyze demand for retail, office, and commercial land uses
• Assess potential for dense housing developments along Grand River corridor
• Provide market-driven parking requirements and residential/retail market demands