SLED Opportunity · CALIFORNIA · SAN DIEGO METROPOLITAN TRANSIT SYSTEM
AI Summary
San Diego MTS seeks as-needed professional services for joint development and real estate financial analysis to support transit-oriented residential and retail projects under Board Policy 18.
MTS is public transit agency that also participates in public private partnership joint real estate development projects on MTS owned land. MTS joint development portfolio contains seven fully built out projects, seven sites in various states of contract negotiation and six to nine additional sites that are available for future development. MTS Joint Development Program is governed by MTS Board Policy 18 and Program Manual. All of MTS joint development projects involve MTS ground leasing property to a development partner in return for either direct ground lease rental payments or other indirect benefits to MTS such as increased transit ridership or other property improvements. MTS joint development projects are focused on residential with a small amount of integrated retail at select locations. MTS portfolio contains market rate projects as well as deed restricted affordable projects.MTS Board Policy 18 requires MTS to generate direct or indirect revenue and ensure that proposals are financially viable. To comply with the financial components of Policy 18, MTS is soliciting proposals for as needed joint development and real estate financial analysis professional services in support of MTS’ Real Estate Department. Pre-Bid Meeting Information: Yes Online Q&A: Yes Location Information: Department: Purchasing Address: 1255 Imperial Avenue, Suite 1000San Diego, California92101 County: San Diego
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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