City of Corona Request for Proposals/Offer to Sell/Lease Surplus Property

Description: The City of Corona is soliciting a single developer to acquire and redevelop roughly eight acres of surplus downtown parcels into a mixed-use project combining residential, retail, and hospitality elements. The developer must deliver at least 300 residential units (25% affordable), ground-floor retail, and a hotel/restaurant complex on roughly three acres, and will negotiate a sale or lease plus a single development agreement with the City. The project requires a one-entity master-plan approach with long-term affordability covenants and coordination to minimize traffic and utility impacts.