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Hidalgo: RFP Issued for P3 Mixed-Use Development by Payne Arena

Posted: 1-14-2021

by Adolfo Pesquera

Hidalgo (Hidalgo County) — The city of Hidalgo has issued a Request for Proposals for the purpose of obtaining a development partnership for the construction of a mixed-use retail plaza.

The RFP, which was prepared by the Hidalgo Economic Development Corporation, refers to a 3.08 tract of undeveloped land that fronts 10th Street directly across from Payne Arena.

The multi-purpose Payne Arena, built in 2003, can seat from 5,500 to 7,000 spectators, depending on use. Although a popular venue for concerts, sporting events and other attractions, the arena is generally surrounded by agricultural uses. A retail development opposite the venue could offer visitors to the arena a convenient place to shop or eat when attending events.

“The selected developer or development team would design, construct and operate the 10th Street mixed-use retail plaza/apartment complex under a long-term lease agreement or an agreement set forth by developer with the Economic Development Corporation,” the RFP states.

With that in mind, the Hidalgo EDC seeks private developers with expertise in designing, constructing and operating a commercial development, such as mixed-use shopping centers and retail centers with multiple retail tenants and apartment tenants. Expertise with sites that feature public space “will be a particular interest.”

The proposed mixed-use retail-apartment project site is located opposite North 10th Street from Payne Arena. Image: Google Earth/VBX graphic.

Invited bidders are to submit a Letter of Intent by Jan. 18. Responses to the RFP are due by noon of Feb. 5. The finalist is to be selected the same day and is scheduled to be interviewed by a review board Feb. 9.

The property address is 2401 N. 10th Street and it is owned by the Hidalgo EDC.

While the RFP details seem to describe a public-private partnership, there is no mention of the city making use of a Chapter 380 economic development agreement, and no description of what incentives, if any, the city might be willing to offer.

There is no cost estimate and the RFP does not suggest an approximate scale of development in terms of a range of retail square footage or number of residential units.

VBX Project ID 2021-021B


adolfo@virtualbx.com

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By |2021-01-14T13:36:44-06:00January 14th, 2021|Construction Preview, Feature Story|

About the Author:

Adolfo Pesquera (Reporter/Editor) is a veteran news journalist. He has worked for Hearst Corp., American Lawyer Media, News Corp and Freedom Communications. His work has been published in newspapers and magazines across the USA. He is a journalism graduate of UT-RGV. He writes, edits and creates digital pages for VBX.

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