Riverfront Project in Bellevue Officially Seeking Developer
An undeveloped piece of riverfront property in Bellevue may soon have new interest.
The City of Bellevue and the Catalytic Fund issued a request for qualifications (RFQ) on Monday morning. The site was recently purchased for roughly $2.9 million from the developer of Harbor Greene, following a lengthy legal dispute.
“The Bellevue Riverfront Site is one of the Greater Cincinnati region’s signature sites, with incredible riverfront views of downtown and easy access to many nearby amenities," said Jeanne Schroer, president and CEO of the Catalytic Fund, which is assisting the city in its RFQ process. "The site has great connectivity to employment centers, tourism attractions, and the rest of the region with its immediate adjacency to Interstate 471. This is one of the last great riverfront development opportunities in our region.”
The site was discussed at last week's city council meeting.
Residents and business owners in Bellevue participated in a weeks-long effort to solicit feedback about what the site should look like when a development happens. From that, ten principles were incorporated into the RFQ, including a desire for green space, park space, public connectivity to the Ohio River and Riverfront Commons, good traffic flow, a smooth transition from the small town feel of Fairfield Avenue to the riverfront, food establishments, and a development that is broken into different pieces rather than one large block.
"The purpose of the (RFQ) is to solicit a developer, not a project," explained Joe Klare of the Catalytic Fund. "We found it is very difficult to find a developer willing to respond to RFQ for a specific proposal."
Instead, the attraction of what's possible on this prime site should lure proposals, Klare suggested.
"This is a regional site that is in Bellevue, a regional player in a major metropolitan economy," Klare said.
The RFQ seeks qualifications from companies with experience in developing, owning, leasing, and/or operating commercial, office, hospitality, and/or residential mixed-used establishments in urban settings. The city will select companies to participate in interviews and other opportunities for review.
Responses from interested developers will be accepted through September 20.
The full RFQ can be viewed below.
-Michael Monks, editor & publisher