FEASIBILITY ANALYSIS OF DEVELOPMENT OPTIONS FOR THE FOLLOWING CITY-OWNED PROPERTIES:

The City of Los Angeles Office of the City Administrative Officer (CAO) seeks to engage a consultant to perform a feasibility analysis to determine the development options for six (6) City-owned properties located in the Van Nuys City Hall area in Council District 6. The properties are currently operated as public parking lots by the Los Angeles Department of Transportation (LADOT). The analysis will entail the feasibility of other uses such as affordable and/or mixed-income housing, open space, and commercial and retail space elements, and the required public parking replacement for the area. The City has performed initial assessments of the properties but further evaluation is required to determine the financial feasibility of various redevelopment scenarios and the most appropriate use(s) for the sites. Once the feasibility analysis is complete, the CAO will determine whether to proceed to the community engagement phase of the analysis.

Responses will only be accepted from firms on the CAO’s List of Pre-Qualified Real Estate and Economic Development Consultants in Service Area 1: Project Feasibility and Underwriting for Housing Projects, as approved by the City Council on November 5, 2024 (C.F. 12-1549).

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