Real Estate Consulting Services

The vendor is required to provide professional services for the development of a comprehensive land use and real estate investment plan.
- The consultant will identify and evaluate port-owned and adjacent properties in the downtown core and along main corridors for potential acquisition or disposition.
- This analysis should support the port’s broader strategy to catalyze downtown revitalization, increase walkability, attract private investment, and activate underutilized sites.
• Identifying key parcels suitable for acquisition or sale.
• Recommending criteria and a framework for acquisition or divestment decisions.
• Aligning property strategies with desired uses such as lodging, retail, civic space, or tourism amenities.
• Evaluating legal, zoning, and financial feasibility for property transactions.
• Estimating ROI and economic impact of acquisition/disposition scenarios
- The consultant will assess the potential to rezone and partition existing large industrial parcels owned by the port to better align with emerging recreational, tourism, and mixed-use development opportunities.
• Analyzing current zoning limitations and evaluating pathways to rezone or create overlay zones.
• Identifying highest and best use scenarios that align with the port’s economic development goals.
• Evaluating subdivision and partition potential to create more marketable parcel sizes.
• Estimating costs, timeframes, and potential return on investment of rezoning actions.
• Recommending updates to the zoning map and development code as applicable.
- Process steps include:
• Site tours and stakeholder engagement
o Tour of all port-owned properties
o Interviews with port staff, commissioners, city officials, and community members
• Zoning and infrastructure evaluation
o Review current zoning and assess potential for rezoning or mixed-use development
o Assess utility and transportation infrastructure needs and opportunities
• Market feasibility and ROI modeling
o Evaluate market demand for residential, commercial, industrial, and tourism uses
o Identify financing strategies, public-private partnership models, and potential incentives
o Provide return-on-investment (ROI) estimates for prioritized projects
• Drafting and finalizing the plan
o Develop draft strategy with goals, project phases, timelines, and investment benchmarks
o Develop illustrative maps for each focus area to communicate recommended strategies
o Facilitate reviews and incorporate feedback from port staff and commission
o Deliver a final report suitable for pub.