Downtown Mixed Use Development Opportunity

The Town of Vinton is seeking proposals from developers for the redevelopment of a shovel-ready 0.18-acre site located at 101 E. Lee Ave. (Tax Map Parcel 060.16-02-16) at the corner of Pollard Street. The objective is to establish either a high-density boutique hotel or a mixed-use project featuring first-floor commercial space with residential units on the second and third floors. The property is zoned CB Central Business, allowing for a maximum building height of 45 feet or four stories with no setbacks. Desirable project features include rooftop experiences, outdoor patios, and green spaces that align with the Town's Comprehensive Plan. Interested developers must submit a comprehensive proposal by November 20, 2026, at 3:00 PM. Required documentation includes a detailed development plan specifying unit types and amenities, a business and financial plan outlining the offer amount and projected benefits to the Town, a proposed completion timeline, and biographical summaries of the lead participants. Proposals will be evaluated based on the overall development concept, the level of investment, value-added benefits to the community, compatibility with local zoning, and key metrics such as job creation, revenue generation, and return on investment.